M&A - RDE, Inc.

Form Type: 8-K

Filing Date: 2025-06-05

Corporate Action: Merger

Type: New

Accession Number: 000164117225013851

Filing Summary: On May 30, 2025, Giftify, Inc. entered into a Merger Agreement with TakeOut7 Inc., a digital marketing platform for restaurants, through its newly formed subsidiary TakeOut7 Acquisition Corp. Giftify will issue 350,000 restricted shares of its common stock to TakeOut7's shareholders to acquire all outstanding shares of TakeOut7. Following the merger, TakeOut7 will become a wholly owned subsidiary of Giftify. A press release announcing this agreement will be issued concurrently with the filing of this document.

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225001500

Filing Summary: For the fiscal year ended December 31, 2024, Giftify, Inc. underwent a significant transformation following the acquisition of CardCash Exchange, Inc. on December 29, 2023. This acquisition was executed under a merger agreement on August 18, 2023, for a total consideration of $26,682,000, which included 6,108,007 shares of Giftify’s common stock, cash payments, and notes payable. The integration of CardCash has altered Giftify's financial standing and expanded its opportunities, both internally and externally. The company primarily operates in the restaurant deals sector through Restaurant.com and the gift card exchange market via CardCash, which buys and sells unused gift cards from over 1,100 retailers. CardCash's innovative approach and strong brand recognition have positioned it well for growth, particularly within the projected $400 billion gift card market by 2026. The management team from CardCash has joined Giftify, bringing valuable expertise to further enhance operational strategies and brand focus.