Graffiti develops and manages an entertaining portfolio of apps and games available on the Android and IOS app stores for download.
In the proposed deal, each Graffiti shareholder would receive shares in Azure Holding Group Inc (AZRH), a publicly traded company. The purchase would be consummated through an exchange of one Azure Holding Group Corp share (“AZRH”) for one Graffiti Entertainment share (the “Purchase Price”). Signature Devices (“SDVI”) will receive shares of AZRH through its current holdings of Graffiti Shares.
Once the deal is consummated, Signature Devices will receive approximately 21% of the current outstanding common shares of Azure Holding Group Corp (“AZRH”).
“This deal allows us to focus on our core business in the IOT space and partner with Azure who will focus on Software for Games and …