Bravo Multinational Incorporated (OTCPK:BRVO) entered into a letter of intent to acquire Certain Assets from Streaming TVEE, Inc. for $9.8 million on December 19, 2023. The purchase price for the assets is $9.76 million consisting of a convertible promissory note in the amount of $7.76 million and an assumption of $2 million in Streaming TVEE, 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 $0.15625.

The Letter of intent is subject to normal terms of an agreement. This transaction, if consummated, will serve as a business foundation for the Company?s planned development of a streaming service called TVee NOW?. The parties have agreed to continue to move forward with the transaction by the preparation of a definitive agreement upon the completion of customary due diligence procedures.

As on February 6, 2024, Bravo Multinational Incorporated (OTCPK:BRVO) entered into an Asset Purchase Agreement to acquire Certain Assets from Streaming TVEE, Inc. for $9.8 million. Transaction is subject to regulatory approval, approval of the board of directors and shareholders of Seller. The board of directors of BRAVO approved the Asset Purchase Agreement as well as the underlying transaction pursuant thereto.

Richard W. Jones, Esq. of Jones, Haley & Mottern, P.C. acted as legal advisor to Streaming TVEE, Inc.