Jul. 22 at 5:19 PM
$MAJI
Old deal:
$2 million in cash and
$6 million in preferred stock. 8 mil total
New deal:
$3.5 million in cash and
$9.25 million in preferred stock. 12.5 mil total
So 1.5 mil cash and 3.25 mil preferred stock (4.5 mil) for:
Mascot Alliance, a partnership and revenue-generation platform serving colleges and universities, employers, healthcare organizations, and other sports properties https://mascotalliance.com/
ParkedIt Alliance, a motorsports-focused business acceleration platform
https://parkeditalliance.com/
Parked It Health, a health and wellness benefits platform serving drivers, crews, fans, and families
https://www.parkedithealth.com/
VLO Flow Energy, a modern energy beverage brand built around paraxanthine-powered focus.
(Can't find a web prescence.)
The original revenue stated was $ 1.6 million for the 2 companies in the old deal, so a 12.8 multiple was paid. Will be interesting to see what the multiple for the new deal is.
