Brief: Huuuge Signs Two Investment Deals With Bananaz Studios

Huuuge

18/03/2024 06:30

March 18 (Reuters) - Huuuge Inc  HUGP.WA :
    * SAID ON SUNDAY THAT IT HAS RESOLVED TO SIGN TWO INVESTMENT
DEALS
WITH BANANAZ STUDIOS
    * FIRST DEAL IS SIMPLE AGREEMENT FOR FUTURE EQUITY FOR
MAXIMUM OF
$6.0 MLN TO BE PAID OUT IN TWO TRANCHES
    * FIRST TRANCHE OF $3.5 MLN TO BE PAID OUT IN DAY OF
SIGNING,
SECOND TRANCHE OF $2.5 MLN TO BE PAID OUT FROM 9 TO 18 MONTHS
FROM DAY OF SIGNING
    * SECOND DEAL IS CALL OPTION DEED AGREEMENT GIVING COMPANY
POSSIBILITY OF ACQUIRING ALL SHARES IN BANANAZ STUDIOS SHARE
CAPITAL

        
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 Further company coverage:  HUGP.WA  

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