On January 9, 2024 Bravo Multinational Inc. (Bravo) entered into a binding letter of intent with Pythia Experiences LLC (Pythia). Under the terms of the letter of intent, the two companies will create a new company that will be owned 51% by Pythia and 49% by Bravo. Pythia will contribute to Newco its ownership of Vidgo Inc., which owns rights to substantial entertainment content.

Bravo, at the same time, will contribute a streaming platform to Newco. The object of the agreement is for Newco to provide streaming entertainment, video, and audio as a subscription service to subscribers. As a result of this transaction, Pythia will become a wholly owned subsidiary of Newco and Newco will become a partially owned subsidiary of Bravo.

The transaction has been approved by the Board of Directors of Bravo, subject to certain contingencies. In order to close the transaction, the parties have agreed to enter into a Definitive Agreement, on terms common to such agreements. In addition, the final closing will be subject to completion of all applicable regulatory approvals.