7th Dec 2020 22:07
(Company issued correction that the two EpicStream founders will be issued with 5.0 million shares each, not 10.0 million)
Gfinity PLC - London-headquartered e-sports firm - Buys trade and assets of Epicstream LLC, an online news community for fantasy and sci-fi movies, television, video games, collectible cards and comic books. The two founders of Epicstream will each be issued with 5.0 million new ordinary Gfinity shares. The founders will also be entitled to an annual payment of 30% of revenues generated by EpicStream, subject to appropriate caps, in each of the first two years following the acquisition, payable in annual installments at the end of each year.
Current stock price: 3.7 pence
Year-to-date change: up 11%
By Dayo Laniyan; [email protected]
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