Brief: Multimetaverse Announces Updates Of The Taomee Acqusition & Termination Of Prior Acquisition Agreement

MultiMetaVerse Holdings

29/11/2023 16:06

Nov 29 (Reuters) - MultiMetaVerse Holdings Limited
 MMV.O :
    * MULTIMETAVERSE ANNOUNCES UPDATES OF THE TAOMEE ACQUSITION
AND
TERMINATION OF PRIOR ACQUISITION AGREEMENT
    * MULTIMETAVERSE HOLDINGS LIMITED - RECEIVED A LETTER OF
TERMINATION WITH RESPECT TO MMV'S CONTEMPLATED ACQUISITION OF
TAOMEE
    * MULTIMETAVERSE HOLDINGS LIMITED -BELIEVES TAOMEE IS
VALUABLE
ASSET WITH SYNERGY TO CO, INTENDS TO FURTHER PURSUE TRANSACTION
CONTEMPLATED UNDER DEAL
    * MULTIMETAVERSE HOLDINGS LIMITED - MMV CONTINUES TO ENGAGE
SELLERS IN NEGOTIATION REGARDING ACQUISITION OF TAOMEE
    * MULTIMETAVERSE HOLDINGS LIMITED - OPTIMISTIC OF
POSSIBILITY OF
RESUMING TRANSACTION WHEN MMV SECURES SUFFICIENT FUNDING FOR
CLOSING
    * MULTIMETAVERSE HOLDINGS LIMITED - MMV IS ACTIVELY SEEKING
FINANCING OPPORTUNITIES WITH INSTITUTIONS AND PRIVATE INVESTORS
    * MULTIMETAVERSE HOLDINGS LIMITED - MMV HAS ENTERED INTO A
SHARE
SUBSCRIPTION AGREEMENT WITH EAGLE CREEK LP WITH A TOTAL PROCEED
OF US$15 MILLION

Source text for Eikon:  ID:nPn9zN7sna 
Further company coverage:  MMV.O 

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