Flikdate Inc. entered into a definitive agreement to acquire CrossBox, Inc. from David Walters, Peter Wells, First Rate Boxing and others.
At completion, all of the members of the board of directors of Crossbox shall resign and four individuals designated by Flikdate and one individual designated by Crossbox shall become a member of the board of directors of each of the combined company. The members of the Board of Directors shall serve until the next annual meeting of stockholders of Crossbox and their replacements, if any, are duly qualified and take office. The four initial Flikdate designees will include Arben Kryeziu and Nick Nicanic. The Crossbox designee shall be acceptable to Arben Kryeziu.
The respective boards of directors of Crossbox, and Flikdate have approved, adopted and declared advisable the agreement and the merger. The transaction is subject to approval by Flikdate stockholders, execution of ancillary agreements, resignation of CrossBox's Directors, and completion of due diligence investigation.