Liquid Media Group Receives Non-binding Term Sheet From Fast-growing Company; Under The Terms Of The LOI, The Company Would Retain 25% Of The Post-Merger Entity, And The Shareholders Of The Target Would Own 75%
Portfolio Pulse from Benzinga Newsdesk
Liquid Media Group has received a non-binding term sheet from a fast-growing company. If the terms of the Letter of Intent (LOI) are agreed upon, Liquid Media Group would retain 25% of the post-merger entity, while the shareholders of the target company would own 75%.
August 14, 2023 | 1:02 pm
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Liquid Media Group, listed as YVR, is considering a merger where it would retain 25% of the post-merger entity. This could potentially dilute the value of existing shares.
The news of a potential merger where Liquid Media Group would only retain 25% of the post-merger entity could be seen as negative by investors. This is because it could lead to a dilution of the value of existing shares, which could potentially drive the stock price down in the short term.
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