DatChat Subsidiary Dragon Interact Acquires RPM Interactive, a Start-Up AI Publishing Company for 3.5 million Shares of Dragon Interact Common Stock
DatChat's subsidiary Dragon Interact has acquired RPM Interactive in exchange for 3.5 million shares of Dragon Interact common stock. The acquisition gives Dragon Interact 100% ownership of RPM Interactive, including all intellectual property. Dragon Interact plans to change its name to RPM Interactive and appointed Michael Mathews as Chairman of the Board. RPM Interactive is an AI-driven publisher focusing on gaming and podcasting/vodcasting apps. The company leverages generative AI systems to create interactive content for niche audiences. Prior to the acquisition, Dragon Interact had approximately 35,663,326 shares outstanding.
La controllata di DatChat, Dragon Interact, ha acquisito RPM Interactive in cambio di 3,5 milioni di azioni ordinarie di Dragon Interact. L'acquisizione conferisce a Dragon Interact il 100% della proprietà di RPM Interactive, inclusa tutta la proprietà intellettuale. Dragon Interact prevede di cambiare il proprio nome in RPM Interactive e ha nominato Michael Mathews come Presidente del Consiglio di Amministrazione. RPM Interactive è un editore guidato dall'IA che si concentra su app di gaming e podcasting/vodcasting. L'azienda utilizza sistemi di IA generativa per creare contenuti interattivi per pubblici di nicchia. Prima dell'acquisizione, Dragon Interact aveva circa 35.663.326 azioni in circolazione.
La subsidiaria de DatChat, Dragon Interact, ha adquirido RPM Interactive a cambio de 3.5 millones de acciones ordinarias de Dragon Interact. La adquisición otorga a Dragon Interact el 100% de la propiedad de RPM Interactive, incluida toda la propiedad intelectual. Dragon Interact planea cambiar su nombre a RPM Interactive y ha nombrado a Michael Mathews como Presidente de la Junta. RPM Interactive es un editorial impulsado por IA que se centra en aplicaciones de juegos y de podcasting/vodcasting. La compañía utiliza sistemas de IA generativa para crear contenido interactivo para audiencias de nicho. Antes de la adquisición, Dragon Interact tenía aproximadamente 35,663,326 acciones en circulación.
DatChat의 자회사인 Dragon Interact가 RPM Interactive를 350만 주의 Dragon Interact 보통주로 인수했습니다. 이번 인수로 Dragon Interact는 RPM Interactive의 100% 소유권을 얻었으며, 모든 지적 재산권이 포함됩니다. Dragon Interact는 이름을 RPM Interactive로 변경할 계획이며, Michael Mathews를 이사회 의장으로 임명했습니다. RPM Interactive는 게임과 팟캐스팅/비디오 팟캐스팅 앱에 중점을 둔 AI 기반 퍼블리셔입니다. 이 회사는 생성적 AI 시스템을 활용하여 틈새 고객을 위한 인터랙티브 콘텐츠를 제작합니다. 인수 이전에 Dragon Interact는 약 35,663,326주의 발행 주식이 있었습니다.
La filiale de DatChat, Dragon Interact, a acquis RPM Interactive en échange de 3,5 millions d'actions ordinaires de Dragon Interact. Cette acquisition confère à Dragon Interact 100 % de la propriété de RPM Interactive, y compris toute la propriété intellectuelle. Dragon Interact prévoit de changer de nom pour devenir RPM Interactive et a nommé Michael Mathews au poste de président du conseil d'administration. RPM Interactive est un éditeur guidé par l'IA, axé sur les applications de jeux et de podcasting/vodcasting. L'entreprise utilise des systèmes d'IA générative pour créer du contenu interactif pour des audiences de niche. Avant l'acquisition, Dragon Interact comptait environ 35 663 326 actions en circulation.
Die Tochtergesellschaft von DatChat, Dragon Interact, hat RPM Interactive im Austausch für 3,5 Millionen Aktien des Stammkapitals von Dragon Interact übernommen. Durch die Übernahme erhält Dragon Interact 100% des Eigentums an RPM Interactive, einschließlich aller geistigen Eigentumsrechte. Dragon Interact plant, seinen Namen in RPM Interactive zu ändern und hat Michael Mathews als Vorsitzenden des Vorstands ernannt. RPM Interactive ist ein KI-gesteuertes Verlagshaus, das sich auf Gaming- und Podcasting/Vodcasting-Apps konzentriert. Das Unternehmen nutzt generative KI-Systeme zur Erstellung interaktiver Inhalte für Nischenzielgruppen. Vor der Übernahme hatte Dragon Interact etwa 35.663.326 ausstehende Aktien.
- Acquisition provides access to RPM Interactive's AI technology for trivia gaming and podcasting
- Strategic appointment of experienced tech industry veteran Michael Mathews as Chairman
- Full ownership (100%) of RPM Interactive's intellectual property
- Share dilution of approximately 9.8% for Dragon Interact shareholders due to new share issuance
Insights
This acquisition represents a strategic pivot for DatChat into AI-driven entertainment through its Dragon Interact subsidiary. The deal structure, exchanging 3.5 million shares (approximately
The appointment of Michael Mathews as Chairman brings valuable leadership experience from successful tech ventures like Interclick (acquired by Yahoo) and Aspen Group. RPM Interactive's focus on AI-generated gaming and podcasting content targets the growing trend of personalized entertainment and niche audience engagement. However, given DatChat's small market cap of
Private company Dragon Interact exchanges 3.5 million shares of its Common Stock shares for
Incoming Industry Veteran Michael Mathews takes the helm as Chairman with proven record of managing tech businesses
New Brunswick, NJ, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dragon Interact Inc, a subsidiary of DatChat, Inc (NASDAQ: DATS), a secure messaging and social media company, is pleased to announce the acquisition of RPM Interactive, Inc. in a share exchange transaction. Pursuant to the agreement, Dragon Interact acquired
Additionally, tech industry veteran Michael Mathews will assume the role of Chairman of the Board for the newly named RPM Interactive Inc. Michael Mathews brings extensive experience to the role, having served as the Chief Executive Officer and a director of Aspen Group Inc. since May 2011 and as CEO and director of Interclick, Inc. until its acquisition by Yahoo, Inc. Prior to that, he served as the senior vice-president of marketing and publisher services for World Avenue U.S.A., LLC, an Internet promotional marketing company. His proven track record in managing early-stage and growth businesses, along with his deep understanding of the publishing and internet marketing industries, positions him in an ideal role to drive RPM Interactive’s success.
Darin Myman, Chief Executive Officer of DatChat, Inc. said, “The acquisition of RPM Interactive provides us with access to their unique AI technology, which we believe is poised to disrupt the trivia gaming, online entertainment and podcasting industries. As we combine the power of AI, RPM Interactive's cutting-edge technology opens the door for us to transform how niche audiences engage with content—whether through competitive live trivia or AI-generated podcasts. We're excited to take RPM Interactive to new heights by delivering entertainment that's smarter, faster, and more personalized than ever before.”
RPM Interactive: Revolutionizing Entertainment with AI-Driven Apps
RPM Interactive is a publisher of AI-generated consumer gaming and podcasting/vodcasting apps. The company believes that the future of content and entertainment lies in niche audiences with highly engaged viewers and listeners. To capitalize on this shift, RPM Interactive leverages generative AI systems to create interactive and engaging content at scale.
About DatChat, Inc.
DatChat, Inc. is a secure messaging, metaverse, and social media company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others. The DatChat Messenger & Private Social Network presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. DatChat's patented technology offers users a traditional texting experience while providing control and security for their messages. With the DatChat Messenger, a user can decide how long their messages last on a recipient's device, while feeling secure that at any time, they can delete individual messages or entire message threads, making it like the conversation never happened.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
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