Scepter Holdings, Inc. (OTC:BRZL) Announces exclusive Letter of Intent to purchase Matchpoint Connection, LLC
Scepter Holdings (OTC:BRZL) has signed a Letter of Intent to acquire Matchpoint Connection, a platform specializing in Name, Image, and Likeness (NIL) opportunities for athletes. The acquisition aims to combine Matchpoint's NIL compliance platform with Scepter's AdaptAI influencer software. Matchpoint offers university white-label solutions, collective payment processing, and brand deal connections for athletes. The transaction is expected to close by end of 2024, subject to conditions including a definitive purchase agreement within 90 days. Upon completion, Matchpoint will become a wholly-owned subsidiary maintaining its current management team.
Scepter Holdings (OTC:BRZL) ha firmato una Lettera di Intenti per acquisire Matchpoint Connection, una piattaforma specializzata in opportunità di Nome, Immagine e Somiglianza (NIL) per gli atleti. L'acquisizione mira a combinare la piattaforma di conformità NIL di Matchpoint con il software per influencer AdaptAI di Scepter. Matchpoint offre soluzioni white-label per le università, processi di pagamento collettivi e collegamenti per contratti di brand per gli atleti. Si prevede che la transazione si chiuda entro la fine del 2024, soggetta a condizioni tra cui un accordo di acquisto definitivo entro 90 giorni. Una volta completata, Matchpoint diventerà una sussidiaria interamente controllata mantenendo il suo attuale team di gestione.
Scepter Holdings (OTC:BRZL) ha firmado una Carta de Intención para adquirir Matchpoint Connection, una plataforma especializada en oportunidades de Nombre, Imagen y Semejanza (NIL) para atletas. La adquisición tiene como objetivo combinar la plataforma de cumplimiento NIL de Matchpoint con el software de influencers AdaptAI de Scepter. Matchpoint ofrece soluciones de marca blanca para universidades, procesamiento de pagos colectivos y conexiones de acuerdos de marca para atletas. Se espera que la transacción se cierre a finales de 2024, sujeta a condiciones que incluyen un acuerdo de compra definitivo dentro de los 90 días. Al completarse, Matchpoint se convertirá en una subsidiaria de propiedad total manteniendo su equipo de gestión actual.
셉터 홀딩스 (OTC:BRZL)는 매치포인트 연결을 인수하기 위한 의향서를 체결했습니다. 매치포인트는 운동선수를 위한 이름, 이미지 및 유사성(NIL) 기회를 전문으로 하는 플랫폼입니다. 이번 인수는 매치포인트의 NIL 준수 플랫폼과 셉터의 AdaptAI 인플루언서 소프트웨어를 결합하는 것을 목표로 하고 있습니다. 매치포인트는 대학 화이트 라벨 솔루션, 집단 결제 처리 및 운동선수를 위한 브랜드 계약 연결을 제공합니다. 거래는 2024년 말까지 완료될 것으로 예상되며, 90일 이내에 확정 구매 계약을 포함한 조건에 따라 진행됩니다. 완료되면 매치포인트는 현재의 관리 팀을 유지하면서 완전 소유 자회사로 전환됩니다.
Scepter Holdings (OTC:BRZL) a signé une lettre d'intention pour acquérir Matchpoint Connection, une plateforme spécialisée dans les opportunités de nom, d'image et de ressemblance (NIL) pour les athlètes. L'acquisition vise à combiner la plateforme de conformité NIL de Matchpoint avec le logiciel pour influenceurs AdaptAI de Scepter. Matchpoint propose des solutions en marque blanche pour les universités, un traitement collectif des paiements et des connexions pour des contrats de marque pour les athlètes. La transaction devrait se clôturer d'ici la fin de 2024, sous réserve de conditions, y compris un accord d'achat définitif dans les 90 jours. Une fois complétée, Matchpoint deviendra une filiale à part entière tout en conservant son équipe de direction actuelle.
Scepter Holdings (OTC:BRZL) hat einen Absichtserklärung unterzeichnet, um Matchpoint Connection zu erwerben, eine Plattform, die sich auf Möglichkeiten im Bereich Name, Bild und Ähnlichkeit (NIL) für Athleten spezialisiert hat. Der Erwerb zielt darauf ab, die NIL-Konformitätsplattform von Matchpoint mit der Influencer-Software AdaptAI von Scepter zu kombinieren. Matchpoint bietet universitäre White-Label-Lösungen, kollektive Zahlungsabwicklung und Vertragsverbindungen für Marken für Athleten. Es wird erwartet, dass die Transaktion bis Ende 2024 abgeschlossen ist, vorbehaltlich von Bedingungen, einschließlich eines endgültigen Kaufvertrags innerhalb von 90 Tagen. Nach Abschluss wird Matchpoint eine hundertprozentige Tochtergesellschaft und das bestehende Managementteam beibehalten.
- Strategic expansion into the growing NIL market through acquisition
- Complementary integration with existing AdaptAI influencer software
- Retention of Matchpoint's experienced management team
- Acquisition is subject to conditions and may not close
- No financial terms or valuation disclosed
- 90-day deadline for definitive agreement creates time pressure
LAS VEGAS, NV / ACCESSWIRE / December 2, 2024 / Scepter Holdings, Inc. (OTC:BRZL), announced today that it has signed a Letter of Intent to purchase Matchpoint Connection, LLC (Matchpoint) in its entirety. Upon the completion of the transaction, Matchpoint will be a wholly owned subsidiary of Scepter, and the current management team will continue to operate the business. Matchpoint is a trailblazing platform revolutionizing the Name, Image, and Likeness (NIL) market, offering an all-encompassing solution that connects athletes with brands for NIL opportunities while ensuring compliance with the latest NIL regulations.
Scepter believes that the acquisition will position the company to capitalize on the rapidly growing NIL and athlete endorsement markets by complementing its existing influencer optimization software, AdaptAI. In addition to its seamless athlete-brand matchmaking capabilities, Matchpoint stands out with its innovative suite of offerings. These include a custom university white-label solution, collective payment processing, revenue share payment tools, and a platform that sources and connects brand deals for athletes. These features enable Matchpoint to provide a secure, transparent, and efficient ecosystem for athletes, brands, universities, and agencies.
Since recent NCAA rule changes opened the NIL market, college athletes have gained unprecedented opportunities to leverage their personal brands and monetize their likeness. Scepter believes that Matchpoint has established itself as a leader in this burgeoning landscape, ensuring regulatory compliance and operational efficiency while driving value for all stakeholders.
Scepter Holdings views this proposed acquisition as a transformative step toward expanding its sports management portfolio and cementing its position as a frontrunner in the NIL sector, particularly in first-mover NIL compliance and comprehensive athlete-brand engagement solutions.
"This agreement aligns with Scepter Holdings' strategic vision of building our company that bridges sports with social media and influencer management. The NIL ecosystem has evolved rapidly, and Matchpoint Connection has proven itself as a reliable and innovative platform for athletes and brands to connect," said Adam Nicosia, CEO of Scepter Holdings. "By acquiring Matchpoint, Scepter Holdings will be uniquely positioned to deliver unparalleled compliance solutions in the NIL space, setting a standard for transparency and regulatory adherence that will give athletes and brands confidence in the evolving NIL landscape."
"This acquisition will allow us to expand our reach and resources to better serve athletes and brands alike," said Brian Oliver, Matchpoint CEO . "We are excited to join Scepter Holdings, whose strategic backing will enable us to accelerate innovation and grow our impact within the NIL market."
As a publicly traded company, Scepter Holdings (OTC: BRZL) is committed to driving shareholder value by pursuing growth opportunities that align with emerging market trends. This proposed acquisition aligns with the company's goal to enter into the collegiate athlete market, providing a diversified offering that responds to the needs of a new generation of brand-savvy athletes and a unique market for NIL compliance.
The transaction is expected to close by the end of 2024, pending the fulfillment of certain conditions as outlined in the Letter of Intent, including the drafting and execution of a definitive purchase agreement by the parties. There can be no assurances Scepter will close the acquisition of Matchpoint, or the timing of the closing. The Letter of Intent will terminate if the parties do not enter into a definitive purchase agreement in the 90-day period following the date of the Letter of Intent, unless the parties mutually agree to extend such period.
About AdaptAI
AdaptAI uses exceptional technology to leverage data and identify influencers to deliver the most profitable results for client brands.
The AdaptAI platform is a Software-as-a-Service (SAAS) based AI system that creates a proprietary 'data fingerprint' for client products data and even the entire company and, then matches them with influencers best positioned to succeed in promotion. AdaptAI also leverages AI to determine which influencers will generate the most attention - in specifically curated audiences.
AdaptAI analyzes proprietary data gathered by influencers for each specific campaign as additional feedback to inform ongoing promotions and to further refine its algorithm and monetize accumulated data.
About Matchpoint Connection, LLC Matchpoint Connection, LLC is a leading NIL compliance and brand-athlete connection platform. Based on a proprietary digital platform, Matchpoint connects athletes and brands for secure and transparent NIL partnerships, enabling brands to navigate the evolving athlete endorsement landscape while ensuring regulatory compliance. It also provides custom university white-label solutions, collective payment processing, and revenue sharing payment tools,
About Scepter Holdings, Inc.
Scepter Holdings manages the marketing of products, data and companies through its AdaptAI software platform that efficiently matches products with the influencers that will generate the best results. Data from these transactions is accumulated and analyzed to fine tune AdaptAI and to provide even more revenue for its clients. The Company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods, and seeks to leverage its expertise with AdaptAI to create a global platform that will capitalize on data as an asset and efficiently match it with appropriate influencers.
For more information, please visit our website: http://scepterbrands.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Scepter's filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Investors Contact:
Investor Relations
702-482-8593
info@scepterbrands.com
SOURCE: Scepter Holdings, Inc.
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