EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 Giftify, Inc. Announces Strategic Acquisition of TakeOut7 to Expand Restaurant Technology and Digital Marketing Platform Acquisition adds comprehensive restaurant ordering and AI-powered marketing solutions to Giftify’s digital commerce ecosystem Combined platform connects over 185,000 restaurants with enhanced technology suite for independent operators SCHAUMBURG, IL, June 05, 2025 (GLOBE NEWSWIRE) - Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced the strategic acquisition of TakeOut7, a restaurant technology company offering comprehensive online ordering solutions through its TakeOut7 platform and AI-powered digital marketing services through its Platr platform, in an all stock transaction valued at 350,000 shares of Giftify common stock, expanding Giftify’s technology offerings to include end-to-end solutions for independent restaurants. Key Highlights of the Acquisition Adds TakeOut7’s comprehensive restaurant technology platform featuring both online ordering and AI-powered marketing solutions …
Open exhibit ↗Current Report · Items 1.01, 9.01 · 8-K
Giftify, Inc.
GIFTNASDAQEQUITYCurrent
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On May 30, 2025, the registrant (“Giftify, Inc.” or “Giftify”), through its newly formed Delaware subsidiary, TakeOut7 Acquisition Corp., entered into an Agreement and Plan of Merger (the “Merger Agreement”) with TakeOut7 Inc., a Delaware corporation (“TakeOut7”), that has developed a digital marketing platform for restaurants.…
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
May 30, 2025, the registrant (“Giftify, Inc.” or “Giftify”), through its newly formed Delaware subsidiary,
TakeOut7 Acquisition Corp., entered into an Agreement and Plan of Merger (the “Merger Agreement”) with TakeOut7 Inc., a Delaware
corporation (“TakeOut7”), that has developed a digital marketing platform for restaurants. Under the terms of the Merger
Agreement, Giftify has issued 350,000 restricted shares of its common stock to the shareholders of TakeOut7 in exchange for all the isued
and outstanding shares of TakeOut7. Following the merger, Takeout7 shall be a wholly owned subsidiary of Giftify.
The
foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement
which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Giftify
will be issuing a press release concurrent with the filing of this Current Report on Form 8-K to announce the Merger Agreement. A copy
of the press release is filed as Exhibit 99.1.