Pulse Evolution Corp (PLFX)

[Deagle]

Recall Studios Completes $200 Million Acquisition of Evolution AI Corporation Including Majority Stake in Pulse Evolution Corporation https://www.otcmarkets.com/stock/BTOP/news/Recall-Studios-Completes-200-Million-Acquisition-of-Evolution-AI-Corporation-Including-Majority-Stake-in-Pulse-Evolution?id=200615

Acquisition marks First Major Step toward Completion of its planned $1.38 per share Tender Offer to Acquire PLFX

Under the terms of the transaction, to be more fully described in the Company’s forthcoming 8-K filing, Recall Studios issued approximately $200 million in common stock equivalent securities to Evolution AI Corporation shareholders in exchange for substantially all of the common stock of Evolution AI Corporation. The acquisition also includes 150 million common share equivalents, or an approximate 60% ownership interest, of Pulse Evolution Corporation and marks the first major milestone in Recall’s completion of its previously announced $1.38 per share tender offer to acquire the remaining publicly floated shares of Pulse Evolution.

Also significant is that the board of Pulse Evolution recently announced its support for Recall's publicized tender offer for all available shares of PLFX stock trading in the public float. Recall has offered $1.38 per share of value, in the form of Recall Studios shares, for each share of Pulse Evolution so exchanged. Recall believes this to represent fair and compelling consideration for the interest of Pulse shareholders.