UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01- Entry into a Material Agreement
On January 9, 2024 Bravo Multinational, Inc. (Bravo) entered into a binding letter of intent with Pythia Experiences LLC (Pythia), a Virginia limited liability company. Under the terms of the letter of intent, the two companies will create a new company that will be owned 51% by Pythia and 49% by Bravo. Pythia will contribute to Newco its ownership of Vidgo, Inc., a Delaware corporation, which owns rights to substantial entertainment content. Bravo, at the same time, will contribute a streaming platform to Newco. The object of the agreement is for Newco to provide streaming entertainment, video, and audio as a subscription service to subscribers. As a result of this transaction, Pythia will become a wholly owned subsidiary of Newco and Newco will become a partially owned subsidiary of Bravo. The transaction has been approved by the Board of Directors of Bravo, subject to certain contingencies. In order to close the transaction, the parties have agreed to enter into a Definitive Agreement, on terms common to such agreements. In addition, the final closing will be subject to completion of all applicable regulatory approvals.
Certain statements contained in this current report on Form 8-K are forward-looking statements and are based on future expectations, plans, and prospects for BRAVOs business and operations and involve a number of risks and uncertainties. BRAVOs forward-looking statements in this report are made as of the date hereof and BRAVO disclaims any duties to supplement, update or revise such statements on a going forward basis whether as a result of subsequent developments, change or expectations or otherwise. In connection with the safe harbor provision of the Private Securities Litigation Reform Act of 1995, BRAVO is identifying certain forward-looking information regarding, among other things, the important factors that could cause further events or results to vary from those addressed in the forward-looking statements, including, without limitation, risks and uncertainties arising from the ability of BRAVO to successfully manage the assets; uncertainties relating to the ability to realize the expected benefits of the business plan; unanticipated or unfavorable regulatory matters; general economic conditions in the industry in which the company operates, and other risk factors as discussed in other BRAVO filings made from time to time with the United States Securities and Exchange Commission.
Item 9.01- Financial Statements and Exhibits
Exhibit No. | Description | |
10.1+ | Letter of Intent |
+Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: January 12, 2024 | BRAVO MULTINATIONAL INCORPORATED
Name: Richard Kaiser Title: Director/CFO |
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