M&A - CMG HOLDINGS GROUP, INC.

Form Type: 8-K

Filing Date: 2025-03-31

Corporate Action: Merger

Type: Update

Accession Number: 000101738625000033

Filing Summary: On March 31, 2025, CMG Holdings Group, Inc. filed a Form 8-K. The company is terminating its SEC reporting obligations and is exploring options to maintain an orderly trading market for its stock, including applying for OTC-ID status and considering a strategic merger or acquisition. The decision was made due to the high cost of maintaining SEC reporting obligations, especially following the disqualification of their previous auditor by the SEC, which necessitates a re-audit for both 2023 and 2024. CMG's operating business and investment portfolio will remain the primary focus of the corporation. Shareholders will receive further updates on the company's direction in the coming weeks.

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