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We are excited by the vision and look forward to continuing in delivering industry leading experiences to our customers and community.”
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Suzie Dergham said “The decision to take Guru forward with Live Current was an easy one. We have known them for sometime and are excited to be bringing the team on board.” “Guru brings us important capabilities in AR/VR and NFTs – both of which enhance our market leading media streaming application and position us well for new metaverse opportunities – and critically, a great experience and customer focused team that has successfully created a profitable product with great growth potential. “We are tremendously excited to be continuing the growth of Live Current with this acquisition,” said Mr. Guru will become a subsidiary of Live Current and as a part of the transaction Suzie Dergham (Guru’s CEO) will be reporting directly to Mark Ollila, CEO of Live Current. These experiences include augmented and virtual reality (AR/VR) and an NFT marketplace, which will be integrated into LiveCurrent’s existing community focused streaming application (KAST). Guru is a market leader in digital experiences for the tourism and museum industry. Ĭoncurrently with the signing of the definitive agreement Live Current will issue 3 million shares to the current shareholders of Guru for all their issued and outstanding shares. Guru providing the most recent two fiscal years of audited financial statements.Both parties obtaining any shareholder approval required.Both parties submitting and completing due diligence investigations.Conditions precedent to signing of a definitive agreement include: Pursuant to the terms of the LOI, it is the intention of the parties to sign a definitive agreement within 90 days of signing of the LOI.
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("Live Current") ( OTCQB:LIVC) announces that it has signed a non-binding letter of intent ("LOI") to acquire Guru Experience Co, Inc (dba ) ("Guru")of San Diego in an all-stock transaction. San Diego CA, May 19, 2022, Live Current Media, Inc.