Alpha Metaverse Technologies Acquires Shape Immersive Entertainment Inc.

April 13, 2022

Alpha Metaverse Technologies Inc. has signed a definitive agreement to acquire 100% of Shape Immersive Entertainment Inc. The deal consideration includes cash and common shares of Alpha, milestone share issuances tied to market-cap milestones, and Shape will continue operating as a metaverse/AR/VR studio to expand Alpha’s Web3, NFT and immersive-gaming capabilities.

Buyers
Alpha Metaverse Technologies Inc.
Targets
Shape Immersive Entertainment Inc.
Sellers
Shape Shareholders
Location
British Columbia, Canada
Transaction Type
Buyout

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