Tritent International Corp. (TICJ) has signed a definitive agreement to acquire FanTribe Inc. in a tax-free, all-share transaction. FanTribe shareholders will receive 13,100,000 TICJ shares in exchange for 100% of the company's assets, IP, and equity.
FanTribe is a Florida-based digital media company specializing in fan engagement through features like 1-1 chat, live streaming, and gamified rewards. The platform has established partnerships with major brands including Disney, Sony, and Jacksonville Jaguars, achieving 250% membership growth for clients like Athletes Unlimited.
The acquisition positions TICJ in the creator economy, currently valued at $191 billion and projected to reach $528 billion by 2030, growing at 22.5% annually. The merger aims to enhance FanTribe's global reach, accelerate platform development, and pursue an uplisting to a higher stock exchange.
Tritent International Corp. (OTC: TICJ) and Burst Technologies, Inc. have signed a Memorandum of Understanding (MOU) on September 24, 2024, outlining plans for a strategic merger. The proposed merger aims to introduce an AI-accelerated billing solution for recovering Medicare Part B costs in U.S. nursing homes. Key benefits include maximized reimbursement, efficiency boost, and enhanced accuracy in billing processes.
The merger structure involves Burst Technologies becoming a wholly owned subsidiary of Tritent. Burst Technologies executives will fill key management roles and appoint a majority of the Board of Directors in the merged entity. The companies will work together to finalize a Definitive Share Exchange Agreement.
Burst Technologies has developed a multi-year financial plan targeting the Nursing Care Facilities and Continuing Care Retirement Communities market, which represents 4% or $180 billion of the $4.5 trillion National Healthcare Expenditure marketplace.