Mega matrix corp. announced that it has successfully closed the acquisition of 60% of the parent of flextv, a short drama streaming platform

Palo alto, calif., jan. 08, 2024 (globe newswire) -- mega matrix corp. ("mpu" or the "company") (nyse american: mpu), today announced that it has entered into and closed a definitive share exchange agreement with funverse holding limited (“funverse”), a company incorporated under the laws of the british virgin islands and the sole parent company of yuder pte, ltd. ("yuder”), and the shareholders of funverse on january 7, 2024. pursuant to the agreement, the company acquired 51,375,000 funverse's shares, which represents 60% of voting capital stock of funverse, in exchange for 1,500,000 shares of common stock of the company, par value $0.001.
MPU Ratings Summary
MPU Quant Ranking