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Cabo Verde Capital Inc. Completes Definitive Agreement to Acquire VYRE Network -- The Art of Streaming Culture®
Cabo Verde Capital Inc. Completes Definitive Agreement to Acquire VYRE Network -- The Art of Streaming Culture®.
About this update from Vyre Network
[{"type":"text","content":"CABO VERDE CAPITAL INC. (OTC:CAPV) (the “Company”) is pleased to announce that further to its news release of November 29, 2021, it has executed the final Definitive Agreement (the “Agreement”) to acquire VYRE Network (https://vyrenetwork.com) (“VYRE”), a free streaming platform with worldwide reach through apps on Apple TV, Roku, Amazon Fire Stick, Android, iPhone, Samsung TV’s and the web. Focused on Generations X, Y and Z, VYRE Network sets out to become the most relevant content streaming company for those of all ages, backgrounds and interests.The Company has acquired the entire VYRE Network entity which includes, but not limited to, all content, Vyre Network channels, VYRE Live, VYRE Studios & Productions, VYRE’s Intellectual Property, all streaming licenses, any proprietary technology currently in use, and all existing contracts. The Company will issue 286,208,000 restricted common shares of the Company in exchange for the outstanding shares of VYRE Network.With the execution of the Definitive Agreement, the Company will immediately apply for a name and symbol change to reflect the VYRE Network name.Also with the execution of the Definitive Agreement, the Company’s Board of Directors has appointed David Hill as Director, President, CEO and Chairman of the Board of the Company, and Lamar Seay as Director and Chief Operating Officer. Concurrently with these changes, the Company has accepted John Duggan’s resignation as Present and Chairman. He will remain as an Independent Director and Chairman of the Audit Committee.As compensation for its exclusive M&A Advisory services in connection with this transaction, as well as its ongoing business development consulting work, Twilight Capital Inc. will be issued 35 million Series A Convertible Preferred Shares of the Company.ABOUT VYRE NETWORKVYRE Network is a free streaming platform with worldwide reach through apps on Apple TV, Roku, Amazon Fire Stick, Android, iPhone, Samsung TV’s and on the web. Focused on Generations X, Y and Z, VYRE Network sets out to become the most relevant content streaming company for those of all ages, backgrounds and interests.VYRE Network has three Operational Divisions - Distribution, Live Stream and Studios & Productions. Currently there is a selection of 18 channels, including Sports (football, boxing & documenta...