• Flash Sports & Media Holdings signed a non-binding LOI to buy a 51% stake in Nooa Holdings, a Dubai-based hospitality group with about USD 35 million revenue.
• Proposed purchase price set at USD 51 million, paid entirely in newly created Series A Preferred Stock with no cash consideration.
• The Series A is expected to carry voting rights, with conversion to common stock beginning 365 days after closing or on a potential spin-out.
• Deal rationale centers on bringing player, official, and production-crew accommodation in-house across Flash’s cricket leagues to reduce hosting costs.
• Parties are targeting completion within 60 days of the June 27, 2026 LOI, subject to due diligence, financing, and customary approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. lash Sports & Media Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-073456), on June 30, 2026, and is solely responsible for the information contained therein.