UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01- Voluntary Disclosure of Other Events
On December 20, 2023, Bravo Multinational, Inc. (BRVO) entered into a letter of intent to acquire certain assets of Streaming TV, Inc. (STV). The purchase price for the assets is $9,760,000, consisting of a convertible promissory note in the amount of $7,760,000 and an assumption of $2,000,000 in STV debt. The promissory note is convertible into the common stock of BRVO based on the December 11, 2023, closing price of BRVO common stock as traded or the OTC Market (pink sheets), which is $.15625. The letter of intent is subject to normal terms of an agreement of that nature.
This transaction, if consummated, will serve as a business foundation for the Companys planned development of a streaming service called TV-NOW. The assets to be acquired will provide BRVO with the content to offer linear TV, often referred to as traditional broadcast TV as well as an array of on-demand content, including but not limited to, movies, series, shows, concerts, comedy specials, events and more – all at no cost to our viewers. Under the terms of the letter of intent, the transaction is scheduled to close on or before January 17, 2024.
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.
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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: December 21, 2023 | BRAVO MULTINATIONAL INCORPORATED
Name: Richard Kaiser Title: Director/CFO |
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