Live Current Media Inc. (OTCMKTS:LIVC) dropped 4% after announcing the extension of its non-binding Letter of Intent to acquire Evasyst Inc. (Kast) of San Diego through an all-share reverse takeover transaction.
Market Stats
On Tuesday, LIVC stock lost 3.56% to $0.46 with more than 16.03k shares, compared to its average volume of 247.63k shares. The stock has moved within a range of $0.4600 – 0.4950 after opening trading at $0.4950.
Live Current Extends LOI to Acquire San Diego Based Media Technology Company Evasyst
September 14, 2021, LOI outlined the terms for the proposed purchase of Kast and was set to expire by December 14, 2021. Following positive progress towards finalizing the LPOIU, the parties have extended the term of the LPOI for another month and will now expire on January 14, 2022. However, all other LOI terms will remain unchanged.
Kast is a digital watch party platform for watching videos, playing games, and interacting. This platform empowers users to share live synchronized videos and engage with the community to create interactions with like-minded people.Also, the Kast team comprises a passionate team hailing from different backgrounds globally from various industries like entertainment, video streaming, esports, and video games. Therefore,in the coming weeks, investors should keep an eye on LIVC.
