Flash Sports & Media Holdings, Inc. 8K

Flash Sports Media Holdings, Inc. entered into a mostly non‑binding term sheet to acquire a 51% controlling interest in Bongo Holdings Pte Ltd, a South Asian streaming and digital media platform, in a largely cash‑and‑stock deal expected to be EBITDA‑accretive and to accelerate its global sports and media expansion.

On August 5, 2026, Flash Sports Media Holdings, Inc. (Nasdaq: FLZH) announced it has entered into a largely non‑binding term sheet to acquire a 51% controlling interest in Bongo Holdings Pte Ltd, a South Asia–based digital media and streaming platform generating close to $10 million in annual revenue and reaching over 300 million viewers. The contemplated deal, structured as approximately 60% cash and 40% equity plus up to $12 million in management earnout tied to future revenue and EBITDA growth, is expected to be EBITDA‑accretive (before transaction expenses, purchase accounting and financing costs) and to provide Flash with proprietary streaming technology, large‑scale digital distribution, premium content relationships, and expanded advertising and subscription monetization capabilities in high‑growth Asian markets. The term sheet is non‑binding except for provisions on exclusivity, expense reimbursement, governing law and their binding effect, and the transaction remains subject to definitive documentation, financing, due diligence, audits, stockholder and other required approvals, and satisfaction of closing conditions.

Filing Facts

CIK

1706524

Ticker

-

Form

8K

Source Type

sec

Accession

0001213900-26-085414

Alert Tier

8