Rivulet Entertainment entered into an addendum to its Asset Purchase Agreement with Rivulet Media to change the purchase price structure. The amendment replaces a $3.5 million cash payment with 12,900,000 restricted common shares and 1,000,000 Series C Preferred shares of the buyer. All other terms of the original March 1, 2024 agreement remain unchanged. The move is intended to conserve cash by using equity consideration.
Agreement details:
- Agreement type: Addendum to Asset Purchase Agreement (purchase price amendment)
- Counterparty: Rivulet Media
- Signed / Effective: Feb 12 2026 / same
- Reason: Replace cash outlay with equity consideration
Original SEC Filing:
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