Business
DatChat Subsidiary Dragon Interact Acquires RPM Interactive, a Start-Up AI Publishing Company for 3.5 million Shares of Dragon Interact Common Stock
Private company Dragon Interact exchanges 3.5 million shares of its Common Stock shares for 100% ownership of RPM Interactive. Prior to the acquisition Dragon
About this update from Dominari Holdings Inc.
[{"type":"text","content":"Private company Dragon Interact exchanges 3.5 million shares of its Common Stock shares for 100% ownership of RPM Interactive. Prior to the acquisition Dragon Interact had approximately 35,663,326 issued and outstanding Incoming Industry Veteran Michael Mathews takes the helm as Chairman with proven record of managing tech businesses New Brunswick, NJ, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dragon Interact Inc, a subsidiary of DatChat, Inc (NASDAQ: DATS), a secure messaging and social media company, is pleased to announce the acquisition of RPM Interactive, Inc. in a share exchange transaction. Pursuant to the agreement, Dragon Interact acquired 100% ownership of RPM Interactive, including all of its intellectual property, in consideration for the issuance of 3.5 million shares of common stock of Dragon Interact Inc. Prior to the acquisition Dragon Interact approximately 35,663,326 issued and outstanding. As part of the acquisition, Dragon Interact plans to change its corporate name to RPM Interactive, reflecting its new focus on cutting-edge AI-driven podcast and gaming technologies. Additionally, tech industry veteran Michael Mathews will assume the role of Chairman of the Board for the newly named RPM Interactive Inc. Michael Mathews brings extensive experience to the role, having served as the Chief Executive Officer and a director of Aspen Group Inc. since May 2011 and as CEO and director of Interclick, Inc. until its acquisition by Yahoo, Inc. Prior to that, he served as the senior vice-president of marketing and publisher services for World Avenue U.S.A., LLC, an Internet promotional marketing company. His proven track record in managing early-stage and growth businesses, along with his deep understanding of the publishing and internet marketing industries, positions him in an ideal role to drive RPM Interactive’s success. Darin Myman, Chief Executive Officer of DatChat, Inc. said, “The acquisition of RPM Interactive provides us with access to their unique AI technology, which we believe is poised to disrupt the trivia gaming, online entertainment and podcasting industries. As we combine the power of AI, RPM Interactive's cutting-edge technology opens the door for us to transform how niche audiences engage with content—whether through competitive live trivia or AI-generated podcasts. We're excited to take RPM Interactive to ne...