Current Report · Items 1.01, 2.01, 3.02, 5.02, 7.01, 9.01 · 8-K
Crisp Momentum Inc.
CRSFOTCEQUITYCurrent
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Unregistered Sales of Equity Securities · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 1.01 Entry into a Material Definitive Agreement. Stock Purchase Agreement On July 11, 2025, OpenLocker Holdings, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Crisp Momentum Inc., a Delaware corporation (“Crisp”), and Digital Knight S.á.r.l., a Luxembourg company (the “Seller”), pursuant to which the Company agreed to purchase all of the outstand…
Filed Jul 15, 2025Accepted Jul 15, 2025, 1:06 PM EDTCIK 924396Accession 0001641172-25-019740
Company context
Crisp Momentum Inc. is a US-based IP monetization company, focused on short form content production and distribution inspired by the Duanju genre, which originated in China as a mobile-first entertainment format, and refers to movies delivered in short bursts to mobile phones. Crisp aims to capture a large market share of the short form audience, building sustainable revenue streams by developing IP and leveraging connections with IP owners, celebrities and brands. The Company is listed on the OTCID. For more information see https://crisp-momentum.com.
Current securities
Historical securities (1)
Disclosure sections
Items 1.01, 2.01, 3.02, 5.02, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
Stock
Purchase Agreement
On
July 11, 2025, OpenLocker Holdings, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”)
with Crisp Momentum Inc., a Delaware corporation (“Crisp”), and Digital Knight S.á.r.l., a Luxembourg company (the
“Seller”), pursuant to which the Company agreed to purchase all of the outstanding shares of capital stock of Crisp from
the Seller in exchange for an aggregate of 35,600,000 shares of the Company’s common stock (the “Transaction”). The
purchase price is subject to an earnout provision pursuant to which the Seller will have the opportunity to receive additional shares
of the Company’s common stock, up to $6 million in value.
The
Purchase Agreement contains representations, warranties and covenants of the Company that are customary for a transaction of this nature.
The Purchase Agreement also contains indemnification obligations of the parties thereto. The foregoing description of the Purchase Agreement
does not purport to be complete and is subject to and qualified in its entirety by the full text of the Purchase Agreement, a copy of
which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.
Management
Services Agreement
On
June 15, 2025, the Company entered into a Management Services Agreement (the “Management Agreement”) with Van + Van Gmbh,
a limited liability company organized under Austrian law (the “Manager”), pursuant to which the Manager has agreed to provided
executive management and advisory services to the Company, including governance support, financial management, and compliance services.
Pursuant to the terms of the Management Agreement, the Company will pay the Manager an annual management fee of $240,000, payable in
equal monthly installments. The initial term of the Management Agreement is for three years, and it may be renewed for additional one-year
periods upon mutual written consent of the Company and the Manager. Renger van den Heuvel, the Company’s Chief Executive Officer
and a member of the board of directors of the Company (the “Board”), is the sole owner and Chief Executive Officer of the
Manager. The Board has reviewed and approved the Management Agreement, including the terms thereof, following consideration of the related
party nature of the arrangement. The foregoing description of the Management Agreement does not purport to be complete and is subject
to and qualified in its entirety by the full text of the Management Agreement, a copy of which is filed as Exhibit 10.2 to this Current
Report on Form 8-K and incorporated into this Item 1.01 by reference.
Item 2.01Item 2.01 - Completion of Acquisition
Item
2.01 Completion of Acquisition or Disposition of Assets.
The
information set forth above under the caption “Stock Purchase Agreement” in Item 1.01 of this Current Report on Form 8-K
is hereby incorporated into this Item 2.01 by reference.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
3.02 Unregistered Sales of Equity Securities.
The
information contained under the caption “Stock Purchase Agreement” in Item 1.01 of this Current Report on Form 8-K is hereby
incorporated by reference into this Item 3.02 by reference. The shares being issued by the Company to the Seller as consideration under
the Purchase Agreement are being issued in reliance upon an exemption from the registration requirements of the Securities Act of 1933,
as amended (the “Securities Act”), afforded by Section 4(a)(2) of the Securities Act.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of
Certain Officers.
On
July 11, 2025, the Board appointed Clive Ng as a member of the Board.
The
biography of Mr. Ng is as follows:
Clive
Ng (age 63) has served as the Co-Founding Partner of C Capital, a global asset management firm, since 2017. Mr. Ng also currently
serves as a member of the board of directors of Highlight Event and Entertainment AG, a Swiss-based media marketing company, a position
he has held since January 2020. From 2016 to 2021, Mr. Ng served as a Senior Advisor at Warner Music Group Inc., advising on strategy
and marketing development in Asia.
There
are no arrangements or understandings between Mr. Ng and any other persons pursuant to which he was selected as a director. There are
no family relationships between Mr. Ng and any director or executive officer of the Company, and he has no indirect material interest
in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure.
On
July 11, 2025, the Company issued a press release relating to the Transaction. A copy of the press release is furnished as Exhibit 99.1
attached to this Form 8-K and incorporated into this item 7.01 by reference
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htmEX-99.1
4
ex99-1.htm
EX-99.1
Exhibit
99.1
OpenLocker
Holdings, Inc.
Ticker
Symbol: OLKR | OTC Market Tier: OTCID
FOR
IMMEDIATE RELEASE
OpenLocker
Holdings, Inc. Acquires Crisp Momentum Inc. and Appoints Clive Ng as Chairman of the Board
Miami,
FL - [July 11, 2025] - OpenLocker Holdings, Inc. (OLKR) (the “Company”) announced today that it has
completed the acquisition of Crisp Momentum Inc. (“Crisp”) from Digital Knight Finance S.á.r.l. (“Digital Knight”)
in exchange for[35,600,000] shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”),
pursuant to a definitive purchase agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, Digital Knight
will also have the potential opportunity to receive additional shares of Common Stock as an earnout payment, capped at $6 million in
value. Digital Knight has also advised the Company that it has purchased additional shares of Common Stock from a stockholder in a private
transaction. As a result of such transactions, Digital Knight will own 14.1% of the shares of Common Stock issued and outstanding on
a fully diluted basis (without giving effect to the earnout). The Company also announced…
Open exhibit ↗