RocketFuel Blockchain signs term sheet to sell payments and loyalty assets with earn-out up to 2.5 million
ROCKETFUEL BLOCKCHAIN INC RKFL | 0.00 |
RocketFuel Blockchain entered a non-binding term sheet with RPay and RPoints for the sale of certain operating assets, with RPay set to acquire the payments business and RPoints set to acquire the loyalty and rewards business. The proposed consideration includes the buyers assuming about 1.5 million in senior deferred compensation liabilities. RocketFuel Blockchain would also receive a quarterly earn-out equal to 20% of net revenue from the payments business until two years after closing or aggregate payments reach 2.5 million. In addition, RocketFuel Blockchain would receive warrants for a 20% fully diluted ownership interest in each buyer, with fixed repurchase floors of 1.5 million for RPay and 200,000 for RPoints.
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. Rocketfuel Blockchain 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: 0001493152-26-010674), on March 18, 2026, and is solely responsible for the information contained therein.
