An undisclosed buyer entered into agreement in principle to acquire substantially all of assets of National Lampoon Inc. (OTCPK:NLMP) on May 3, 2017. In the separate transaction, an existing stockholder will acquire additional stake in National Lampoon Inc. An undisclosed buyer cancelled the acquisition of substantially all of assets of National Lampoon Inc. (OTCPK:NLMP) on May 3, 2018.