NTN $2.39 ~ 2 mill o/s merger w/ Brooklyn Immunotherapeutics LLC closing soon!
Quote ~> “ We expect both transactions to close simultaneously in early 2021”
Buzztime is working diligently toward closing two transformative transactions," said Allen Wolff, CEO of NTN Buzztime. "Under the terms of the previously announced asset purchase agreement with eGames.com Holdings, LLC, we plan to sell all our assets related to our game network to eGames.com. Our goal is to preserve our compelling in-venue experience that engages patrons for Buzztime customer venues and safeguard our large and loyal player and customer base while monetizing our assets. The asset sale will strengthening our balance sheet and improve our financial position for the previously announced proposed merger with Brooklyn Immunotherapeutics LLC, which is advancing clinical development of cytokine-based therapy to enable the immune system to attack certain types of cancer cells. We believe that the proposed merger will benefit both investors of Brooklyn and stockholders of NTN Buzztime. We expect both transactions to close simultaneously in early 2021, subject to Buzztime's stockholders approving both proposed transactions, the beneficial holders of Brooklyn's Class A membership units approving the proposed merger
D1sclaimer: I am not a financial advisor or a stock promoter. I am an investor, Period! Do your own DD and make your own investment decisions.
