In a recent SEC filing, Rivulet Entertainment, Inc. has announced an amendment to its asset acquisition strategy. The Nevada-based company, which operates in the crude petroleum and natural gas sector under the name 01 Energy & Transportation, disclosed the modification of its March 1, 2024, Asset Purchase Agreement to now include The Dink Productions, LLC, an Arizona company.
The adjustment to the agreement, dated September 6, 2024, also involves an increase in stock distribution. Rivulet Entertainment will issue an additional 5,239,941 shares, bringing the total to 95,024,741 shares.
This change is part of the company's strategy to expand its assets and reflects its ongoing business development efforts. All other terms of the original Purchase Agreement remain unchanged.
Rivulet Entertainment, previously known as Advanced Voice Recognition Systems, Inc., and before that Samoyed Energy Corp, is listed on the OTC Pink under the trading symbol AVOI. The company has been identified as an emerging growth company, indicating that it is in a phase of rapid market entry and expansion.
This move signifies Rivulet Entertainment's efforts to diversify and strengthen its portfolio through strategic acquisitions. The inclusion of The Dink Productions, LLC suggests a possible expansion beyond the company's traditional industry focus, although the specifics of the newly acquired asset's operations were not detailed in the filing.
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