Bravo Multinational Incorporated has entered into a definitive Share Purchase Agreement (SPA) with MWP Entertainment Group, LLC. Under the terms of the SPA, which closed on September 18, 2026, the Company issued 1,621,026 shares of Series A Preferred Stock to MWP. The aggregate consideration for the Preferred Stock was $3,161,000. This payment structure included a $2,500,000 value for perpetual content and software licenses, a $400,000 cash payment due by October 5, 2026, and the forgiveness of $261,000 in outstanding loans previously made by MWP to the Company.
The Preferred Stock carries a par value of $0.0001 per share and is convertible into 100 shares of Common Stock per share. These shares possess voting and dividend rights equivalent to 100 shares of Common Stock and vote on an as-converted basis. The per-share price was determined using a Common Stock price of $0.0195, based on the 10-day volume-weighted average price ending September 17, 2026.
Concurrently with the closing, Bravo Multinational granted MWP an option to purchase an additional $1,500,000 worth of Preferred Stock at the same per-share price. This option is exercisable only in whole during a one-year period beginning on the closing date and ending on September 18, 2027. The Company also entered into a Content License Agreement and a Software License Agreement with MWP, granting the Company exclusive and non-exclusive, respectively, perpetual licenses for entertainment content and streaming-platform software.
As a result of the transaction, MWP acquired an aggregate of 162,102,600 shares of Common Stock upon conversion of the Preferred Stock. This represents approximately 76.72% of the outstanding Common Stock on an as-converted basis. If the Option is exercised in full, MWP’s ownership would increase to approximately 82.94%. In connection with the agreement, Michael Williams was appointed to the Board of Directors as Chairman.
Separately, Bravo Multinational adopted a Shareholder Rights Plan at a special meeting held on September 18, 2026. The plan includes a dividend of one Right for each share of Common Stock and 100 Rights for each share of Preferred Stock issued as of the close of business on September 19, 2026. The Rights are designed to protect the Company from hostile takeovers, becoming exercisable only if a person acquires beneficial ownership of 15% or more of the outstanding Common Stock or total voting power. MWP and its affiliates are designated as Exempt Persons and are not subject to the plan’s restrictions. The Rights expire on September 18, 2030, unless redeemed by the Board of Directors.
The Company also approved a 2026 Stock Incentive Plan, reserving up to 33,000,000 shares of Common Stock for future issuance. This plan is intended to attract and retain employees and align their interests with stockholders. The plan is subject to a vote by the Company’s shareholders at an annual meeting expected to be held before the end of 2026.
