- SoLVBL Solutions (SOLV) has acquired Darkhorse Films Limited, a UK-registered blockchain-powered digital entertainment & e-commerce business
- The acquisition immediately expands the SoLVBL suite of digital products
- The vendors received 115,384,615 SoLVBL common shares
- Kaiser Akbar, President & CEO of SoLVBL, sat down with Daniella Atkinson to discuss the news
- SoLVBL is a cybersecurity and data authentication company
- SoLVBL Solutions (SOLV) opened trading at C$0.02
SoLVBL Solutions (SOLV) has acquired Darkhorse Films Limited, a UK-registered blockchain-powered digital entertainment & e-commerce business.
The acquisition provides SoLVBL with a potentially lucrative revenue stream in the film, content production and film distribution markets. The company believes that the purchase of Darkhorse will provide access to long-term private and public capital markets and will accelerate its strategic business growth plan.
Kaiser Akbar, President & CEO of SoLVBL, sat down with Daniella Atkinson to discuss the news.
“This acquisition aptly demonstrates our strategy to consolidate compatible businesses under the SoLVBL brand while simultaneously expanding our global footprint. We also are strategically enhancing our management team across a wider range of digital services, including Film3 production and blockchain-powered e-commerce. This inaugural acquisition is a catalyst for the expansion of SoLVBL’s business into other verticals.”
The transaction is expected to close on October 13, 2022. Shareholders of Darkhorse will hold approximately 115,384,615 SoLVBL common shares.
The total purchase price is $10,150,000 million. Twenty-five per cent of the balance of the purchase price will be settled in cash and seventy-five per cent in restricted shares of SoLVBL
Upon closing, Darkhorse will become a wholly-owned subsidiary of SoLVBL and will continue to operate under the existing Darkhorse Films brand.
Darkhorse is a blockchain-powered digital movie content studio.
SoLVBL is a cybersecurity and data authentication company.
SoLVBL Solutions (SOLV) opened the day trading at C$0.02.