FAQ on Authentic Holdings' Acquisition of Goliath Motion Pictures

What is Authentic Holdings acquiring Goliath Motion Pictures for?

Authentic Holdings is acquiring Goliath Motion Pictures Entertainment for $11 million in an equity-based transaction to bring over 40,000 titles, including award-winning shows and films, under its ownership.

Why is this acquisition significant for Authentic Holdings?

This acquisition is significant as it is expected to strengthen Maybacks Global Entertainment’s market position, increase advertising revenue, and support expansion into all major U.S. markets.

How is the deal structured?

The deal is structured as Convertible Preferred Stock, with conversion restrictions for three years to minimize shareholder dilution.

What are some of the notable titles included in the acquisition?

Notable titles include award-winning shows and films such as ‘In Living Color’, ‘The Cosby Show’, and ‘Open Range’.

When will the acquisition be completed?

An 8-K will be filed with the SEC upon completion of the acquisition, but the exact date is not specified in the content.

Where can I find more information about Authentic Holdings?

For more information, visit the company’s website at https://authenticholdingsinc.com/.

What is the expected impact of this acquisition on Authentic Holdings’ portfolio?

The acquisition is expected to diversify Authentic Holdings’ portfolio by adding a significant number of entertainment titles, thereby enhancing its position in the entertainment and streaming industry.

Who is involved in this transaction?

Authentic Holdings (OTC: AHRO) and Goliath Motion Pictures Entertainment are the primary parties involved in this transaction.

How can I view the full press release about this acquisition?

To view the full press release, visit https://ibn.fm/vUb1U.