Bravo Multinational Incorporated (OTCPK:BRVO) entered into an agreement to acquire 51% stake in Recombinant Productions Inc. from Patrick E. Ogle on July 3, 2023. Under the terms of the Agreement, the RPI shareholders will exchange shares representing approximately 51% of the outstanding shares of RPI common stock to BRAVO in exchange for 8,500,000 shares of BRAVO common stock. This will represent an approximate ownership interest by BRAVO in RPI of approximately 51%, and following the close of this transaction, the RPI shareholders will own approximately 19.99% of the outstanding shares of the common stock of BRAVO. After the completion of the transaction, RPI will be a majority-owned subsidiary of BRAVO and the combined entity will report consolidated financial statements. The transaction is expected to close by July 31, 2023.

Bravo Multinational Incorporated (OTCPK:BRVO) completed the acquisition of 51% stake in Recombinant Productions Inc. from Patrick E. Ogle on July 7, 2023.