Business
Fantribe Inc. Announces Termination of Definitive Acquisition Agreement with Tritent International Corp.
Fantribe Inc. Announces Termination of Definitive Acquisition Agreement with Tritent International Corp..
About this update from Tritent International Corp.
[{"type":"text","content":"\n MIAMI, March 28, 2025 (GLOBE NEWSWIRE) -- Fantribe, Inc. (the “Company”), a digital media platform connecting athletes, celebrities, and creators with their fans through immersive and monetizable experiences today announced that it has terminated its definitive agreement with Tritent International Corp., (OTC: TICJ) which was entered into on January 13, 2025. As a result of certain conditions not being met within the share purchase and definitive agreement, the Company along with Tritent International will mutually terminate the agreement. Michael Friedman, Chief Executive Officer of Fantribe, stated: “While the termination of the present transaction is unfortunate, our top priority is always the growth of our Company and the best interest of our valued shareholders. Due to certain unmet conditions within the definitive agreement and in collaboration with the management of Tritent, we have made the decision to terminate the agreement within the first ninety (90) days as required. We firmly believe that this decision to cancel the agreement and remain private as we complete and ready the relaunch of Fantribe.com, along with the development of our mobile application, will soon create new, meaningful, and exciting opportunities for the future of our company. Neither party has or will have any liability or pay any penalty to the other party as a result of the termination, and each party is expected to release the other from any and all claims related to the definitive agreement or the transactions contemplated by the definitive agreement. FORWARD-LOOKING STATEMENTS This announcement contains certain forward-looking statements regarding the Company’s strategy, initiatives and expected performance. These statements are based on the Company’s current expectations as to the outcome and timing of future events. All statements, other than statements of historical facts, including all statements regarding the Company's strategy, initiatives and future performance, that address activities or results that the Company plans, expects, believes, projects, estimates or anticipates, will, should or may occur in the future, including future financial or operating results, are forward-looking statements. Actual results for future periods may differ materially from those expressed or implied by these forward-looking ...