- Vertiqal Studios Corp (OTC: VERTF) completes acquisition of Offbeat Media Group's digital assets, expanding short-form video production capabilities.
- Vertiqal continues its M&A strategy, focusing on digital media brands and AI solutions to enhance its Gen Z and Millennial-focused network.
- All director nominees elected with >99% approval at the annual meeting, along with the approval of MNP LLP as auditors.
Vertiqal Studios Corp (OTC: VERTF) has successfully concluded its acquisition of Offbeat Media Group's digital assets by completing the final payment on the promissory note. Initially announced in December 2023, the acquisition significantly enhances Vertiqal's digital presence in the production of short-form video and AI-enabled content on platforms like TikTok, Instagram, and Snapchat Discover. The strategic move aligns with Vertiqal's goal to amplify its reach within Gen Z and Millennial audiences.
In line with its growth-centric M&A strategy, Vertiqal continues to seek opportunities to expand its expansive network of owned and operated digital properties, focusing on acquiring innovative media assets and technology solutions. This includes proprietary AI tools designed to optimize content creation, distribution, and advertising outcomes for its channels and partner brands.
At the recent annual and special meeting, all nine director nominees were elected with overwhelming support, receiving more than 99% approval from shareholders. Additionally, MNP LLP was appointed as the company's auditors, and the issuance of common shares for convertible debenture holders was authorized, reflecting strong shareholder confidence in Vertiqal's strategic direction.
With Offbeat's assets now fully integrated, Vertiqal is poised to pursue further acquisitions, targeting digital media brands and advanced technology providers to bolster its leadership in delivering short-form, social-first content solutions.
