Form 8-K · Current Report · Filed 2024-06-25
Asset Entities Inc. Completes Acquisition of TommyBoyTV, LLC Assets
On June 21, 2024, Asset Entities Inc. completed the acquisition of the assets of TommyBoyTV, LLC for $200,000 in cash and 25,000 shares of Class B Common Stock. This acquisition is expected to immediately generate over $40,000 in gross revenues monthly and $500,000 annually, significantly expanding the Company's share of the Discord community market. The acquisition is part of Asset Entities' strategic plan to acquire accretive assets, following the acquisition of the Ternary Payment Processing Platform and OptionsSwing in November 2023.
- Filer
- Asset Entities Inc. ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-055738
- CIK
- 0001920406
- Signal
- High impactCommunication Services
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$36.80
Next session
+1.1%
Since filing
-21.1%
Latest close
$29.04
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ASST reporting the same item, with the next session's move:
Exhibits (1)
About Asset Entities Inc.
Asset Entities Inc. is a service-oriented company that focuses on providing innovative social media marketing and content creation solutions. Its primary mission is to assist clients in enhancing their brand visibility and engagement through strategic content design and distribution. By leveraging advanced digital marketing techniques and a deep understanding of social media dynamics, Asset Entities Inc. plays a pivotal role in shaping modern marketing strategies for businesses across various sectors. The company's services impact industries ranging from technology to retail, by facilitating more effective consumer interactions and driving brand loyalty. In the financial market, Asset Entities Inc. is recognized for its potential to adapt and thrive in the evolving digital media landscape, serving as a crucial resource for companies seeking to navigate and capitalize on the complexities of social media platforms.
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