Partner Harvey Kesner Represents Rant, Inc. in its Acquisition by Function(X), Inc. and RACX Inc.
New York, NY – August 29, 2016 – Securities and corporate law firm Sichenzia Ross Friedman Ference LLP announced today that it has represented Rant, Inc. (“Rant”) in its acquisition by Function(X), Inc. (“Fn(X)”) and its wholly-owned subsidiary, RACX Inc. (“RACX”). RACX acquired Rant’s assets used in the operation of Rant’s Rant.com independent media network and related businesses.
In consideration for the purchase of Rant’s assets, Fn(X) (i) issued Rant a $3,000,000 secured convertible promissory note, (ii) assumed $2,000,000 of liabilities and (iii) delivered stock consideration of 4,435 shares of Fn(X)’s Series E Convertible Preferred Stock.
The Sichenzia Ross Friedman Ference LLP team was led by partner Harvey Kesner and associate Evan Berger.