Liquid Media Group Ltd. (YVR) stock prices were up by 12.02% as of the market closing on September 2nd, 2021. This brought the price per share up to USD$2.05 at the end of the trading day. Subsequent premarket fluctuations have seen the stock dip by 6.34%, bringing it down to USD$1.92.
YVR Stock Acquires iNDIEFLIX
September 2nd, 2021 saw YVR stock announce the execution of a definitive agreement with iNDIEFLIX Group. The agreement is set to see the global market leader in educational entertainment be acquired by Liquid. The all-stock transaction is expected to be completed in the upcoming days as the last of the customary closing conditions are fulfilled. The move marks a landmark acquisition for the company as it works to support independent creative professionals and IP owners in monetizing their content. Besides the previous substantial benefits to producers of purposeful content, iNDIEFLIX has the potential to assist the company in driving growth over the long term.
About iNDIEFLIX
The global subscription video-on-demand streaming service is focused on content with a purpose. The service’s success in providing monetization opportunities for IP owners works on cohesion with the company’s mission to guide creatives go from inception to monetization. This complementary nature of the collaboration is hoped to result in a plethora of opportunities for the partners.
YVR Stock’s Transaction Details
As per the definitive agreement, YVR stock is set to acquire iNDIEFLIX for up to 2.5 million common shares of the company’s common stock. Each share will be priced at USD$2.00 per share and is scheduled to be disbursed to iNDIEFLIX investors over the course of specific performance milestones. Each of the five milestone will have an equal tranche of 500,000 common shares.
Additional Details
The first tranche of consideration shares is forecasted to be paid out upon the closing of the deal. The remaining four milestones will be triggered by iNDIEFLIX revenues totaling USD$65 million in the upcoming years. The partnering company is continuing to invest resources towards its ongoing operations, the first of which is a secured bridge loan of USD$500,000. This has been applied towards working capital and the production of original content for iNDIEFLIX education and other channels.
Future Outlook for YVR Stock
The company reported a strong quarter, topped off by its acquisition of iNDIEFLIX. With the added resources at its disposal and the momentum generated, YVR stock is keen to leverage these to usher in a continued trajectory of growth. Investors are hopeful that this will result in significant and sustained increases in shareholder value.
