Personas Announces Closing of Sale of Peeks Asset
Personas Social has completed the sale of its Peeks Asset to Mii.TV, following shareholder approval at its annual general meeting. The final purchase price was adjusted to $264,874 in cash, up from the previously announced $53,000, due to accounts payable adjustments.
Following the transaction's closure, which received all necessary approvals including from the TSX Venture Exchange, the company will focus on developing its newly re-launched Keeks Social platform. This web and app-based platform enables users to share and connect through short-form and long-form videos.
Personas Social ha completato la vendita del suo asset Peeks a Mii.TV, dopo l'approvazione degli azionisti durante l'assemblea generale annuale. Il prezzo finale di acquisto è stato adeguato a 264.874 dollari in contante, rispetto ai precedentemente annunciati 53.000 dollari, a causa di adeguamenti ai debiti commerciali.
Dopo la chiusura della transazione, che ha ricevuto tutte le approvazioni necessarie, inclusa quella della TSX Venture Exchange, l'azienda si concentrerà sullo sviluppo della sua piattaforma Keeks Social recentemente rilanciata. Questa piattaforma web e app consente agli utenti di condividere e connettersi attraverso video di breve e lungo formato.
Personas Social ha completado la venta de su activo Peeks a Mii.TV, tras la aprobación de los accionistas en su reunión general anual. El precio final de compra se ajustó a $264,874 en efectivo, en comparación con los $53,000 previamente anunciados, debido a ajustes en cuentas por pagar.
Tras el cierre de la transacción, que recibió todas las aprobaciones necesarias, incluida la de la Bolsa de Valores de TSX Venture, la empresa se enfocará en desarrollar su plataforma Keeks Social recién relanzada. Esta plataforma basada en la web y en la app permite a los usuarios compartir y conectarse a través de videos cortos y largos.
Personas Social는 주주총회에서 주주 승인을 받은 후 Mii.TV에 Peeks 자산의 판매를 완료했습니다. 최종 구매 가격은 미지급 계정 조정으로 인해 이전에 발표된 53,000달러에서 264,874달러 현금으로 조정되었습니다.
TSX 벤처 거래소를 포함한 모든 필요한 승인을 받은 후 거래가 종료되면 회사는 새롭게 재출시된 Keeks Social 플랫폼 개발에 집중할 것입니다. 이 웹 및 애플리케이션 기반 플랫폼은 사용자가 짧고 긴 형식의 비디오를 통해 공유하고 연결할 수 있도록 합니다.
Personas Social a finalisé la vente de son actif Peeks à Mii.TV, suite à l'approbation des actionnaires lors de son assemblée générale annuelle. Le prix d'achat final a été ajusté à 264 874 $ en espèces, contre 53 000 $ précédemment annoncés, en raison des ajustements des comptes créditeurs.
Après la clôture de la transaction, qui a reçu toutes les approbations nécessaires, y compris celle de la Bourse de TSX Venture, la société se concentrera sur le développement de sa plateforme Keeks Social récemment relancée. Cette plateforme basée sur le web et l'application permet aux utilisateurs de partager et de se connecter grâce à des vidéos courtes et longues.
Personas Social hat den Verkauf seines Peeks-Vermögens an Mii.TV abgeschlossen, nachdem die Hauptversammlung der Aktionäre zugestimmt hat. Der endgültige Kaufpreis wurde auf 264.874 Dollar in bar angepasst, gegenüber den zuvor angekündigten 53.000 Dollar, aufgrund von Anpassungen bei den Verbindlichkeiten.
Nach dem Abschluss der Transaktion, die alle notwendigen Genehmigungen, einschließlich der von der TSX Venture Exchange, erhalten hat, wird sich das Unternehmen auf die Entwicklung seiner neu gelaunchten Keeks Social-Plattform konzentrieren. Diese web- und app-basierte Plattform ermöglicht es Nutzern, sich durch Kurz- und Langvideos zu teilen und zu verbinden.
- Sale of Peeks Asset completed with higher than expected cash proceeds ($264,874 vs $53,000)
- Transaction received all necessary regulatory and shareholder approvals
- Company can now focus resources on Keeks Social platform development
- Divestment of major asset (Peeks Social platform) represents significant business restructuring
TORONTO, ON / ACCESSWIRE / December 3, 2024 / Personas Social Incorporated (the "Company") (TSXV:PRSN) announces that further to its press releases dated August 16, 2024, August 20, 2024 and September 23, 2024, the Company has closed the sale of its Peeks Assets (defined below) to Mii.TV Inc. ("Mii.TV"). The Company, as vendor and Mii.TV, as purchaser entered into a definitive agreement dated August 19, 2024 with respect to the sale of the assets of the Company's ‘Peeks Social' web and app based platform ("Peeks Asset") to Mii.TV (the "Transaction").
On October 1, 2024 the Company held its annual general and special meetings (the "Meeting") of shareholders to consider, among other things, the Transaction as a sale of all or substantially all of the assets of the Company and the sale of the Peaks Asset. At the Meeting, requisite shareholder approvals were received for all matters tabled including receiving approvals from disinterested shareholders on all matters that required it.
On closing of the Transaction, an adjustment was required to be made to the purchase price for the Peeks Asset to account for the current accounts payable amount, and thus the closing purchase price was revised to provide
With the Transaction now closed, the Company plans to devote its resources to the development of its new and re-launched Keeks Social web and app based platform. Keek Social offers users the chance to share their lives and connect with others through both short-form and long-form videos.
The Transaction has received all requisite approvals including approval from the TSX Venture Exchange.
About Personas
Personas Social Incorporated is a Canada-based company engaged in the business of offering live video conferencing technology, live streaming, social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. It focuses on providing social commerce-enabled products which allow for a monetizable user experience to all users, consumers and businesses alike. The Company accomplishes this by offering products which are complete with enterprise-grade e-commerce infrastructure including multi-currency, multi-lingual, turnkey mobile commerce suites for users.
For further information, please contact:
Personas Social Incorporated
Mark Itwaru
Chairman & Chief Executive Officer
Telephone: 647-789-0074
Email: mark@personas.com
Forward Looking Statements
This press release contains statements that constitute " forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include: information relating to the Transaction and all ancillary matters; the sale of the Peeks Asset and the Company being able to continue to operate as a going concern. Such statements and information reflect the current view of the Company. By their nature, forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements.
The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management' s beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
SOURCE: Personas Social Incorporated
View the original press release on accesswire.com
FAQ
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