Grom Social Enterprises Working Towards Definitive Documents Phase of Acquisition of Texas-based Arctic7 Full Gaming Developer [Yahoo! Finance]
Grom Social Enterprises Inc. (GROM)
Company Research
Source: Yahoo! Finance
BOCA RATON, Fla., April 30, 2024 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM), a leading provider of family-friendly media and technology solutions, today announced that it has entered the definitive documents draft phase for its slated acquisition of Arctic7, Inc. ( Arctic7.com ), the emerging Texas-based gaming industry service provider. The pending deal was announced jointly by both companies in March as the companies entered into a non-binding letter of intent. Upon completion of the transaction, Arctic7's gaming development and virtual production services would be offered alongside Grom's current portfolio of kids' and family entertainment, social media and educational services. The move into definitive documents was confirmed today by Darren Marks, Grom's CEO. “Grom is poised and ready to advance past due diligence review as we join executives from Arctic7 in the preparation and negotiation of all necessary definitive transition documents,” explains Marks.
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GROM
News
- Top Draw Animation Secures New Assignments – Including Largest Single Contract Ever – as Grom Subsidiary Earns Over $2.9MM to Bring Animated Series' to Life [Yahoo! Finance]Yahoo! Finance
- Top Draw Animation Secures New Assignments – Including Largest Single Contract Ever – as Grom Subsidiary Earns Over $2.9MM to Bring Animated Series’ to LifeGlobeNewswire
- Grom Social Enterprises Working Towards Definitive Documents Phase of Acquisition of Texas-based Arctic7 Full Gaming DeveloperGlobeNewswire
- Former Technicolor Animation & Games Production VP Cyrus Mistry Named Chief Operating Officer for Grom's Award-winning Manila-based Studio, Top Draw Animation [Yahoo! Finance]Yahoo! Finance
- Former Technicolor Animation & Games Production VP Cyrus Mistry Named Chief Operating Officer for Grom’s Award-winning Manila-based Studio, Top Draw AnimationGlobeNewswire
GROM
Sec Filings
- 5/15/24 - Form NT
- 5/9/24 - Form PRE
- 4/24/24 - Form 8-K
- GROM's page on the SEC website