OpenLocker Holdings Inc. Acquires Crisp Momentum Inc.
Deal News | Jul 11, 2025 | EIN
OpenLocker Holdings, Inc. has acquired Crisp Momentum Inc., a U.S.-based intellectual property monetization company focused primarily on short-form content production inspired by the Duanju genre from China. The acquisition marks a significant strategic shift for OpenLocker Holdings (OLKR) towards engaging in the burgeoning market of short-form content. As part of the acquisition terms, OpenLocker has issued 35,600,000 shares of its common stock to Digital Knight Finance, the seller of Crisp Momentum. Additionally, Digital Knight may receive further shares as an earnout, potentially worth up to an additional $6 million. Subsequently, Digital Knight owns 14.1% of the fully diluted shares of OpenLocker Holdings. These transactions underscore a larger structural and thematic change for OpenLocker Holdings, as they plan to adopt the name Crisp Momentum Inc. Furthermore, Clive Ng, possessing over three decades of strategic influence in the Asian markets, has been appointed as Chairman of the Board. Ng’s vast expertise in media sector financing and joint ventures contributes significantly to enhancing OpenLocker’s direction and bolstering its position in short-form content. OpenLocker Holdings is poised to capitalize on this high-growth sector, utilizing Crisp's focus on IP development and partnerships with celebrities and brands to drive sustainable revenue streams.
Sectors
- Media & Entertainment
- Technology
- Venture Capital & Private Equity
Geography
- United States – Both OpenLocker Holdings and Crisp Momentum Inc. are U.S.-based companies, making the U.S. a primary geographical focus.
- China – While primarily a U.S.-based transaction, the inspiration for the short-form content genre stems from Chinese media practices, implicating cultural and market influences from China.
Industry
- Media & Entertainment – The acquisition of Crisp Momentum Inc. by OpenLocker Holdings reflects significant activity within the Media & Entertainment sector due to its focus on short-form content production.
- Technology – Crisp Momentum Inc.'s focus on digital short-form content production aligns with technological advancements and distribution formats, emphasizing the relevance of the Technology sector.
- Venture Capital & Private Equity – The transaction involves a strategic acquisition by OpenLocker Holdings with equity arrangements, indicative of Venture Capital & Private Equity activities.
Financials
- 35,600,000 shares – Number of common shares issued by OpenLocker Holdings to acquire Crisp Momentum Inc. from Digital Knight Finance.
- $6 million – Cap on the earnout payment that Digital Knight Finance could receive in additional shares of OpenLocker Holdings' common stock.
- 14.1% – Percentage of shares Digital Knight Finance will own in OpenLocker Holdings on a fully diluted basis following the acquisition transactions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OpenLocker Holdings Inc. | Acquirer | Company | OpenLocker Holdings, listed on OTC, is focusing on expanding its IP monetization strategy by acquiring Crisp Momentum, signaling a shift to short-form content. |
| Crisp Momentum Inc. | Target Company | Company | Crisp is involved in IP monetization, focusing on short-form content inspired by Chinese media styles, representing the acquisitional target of OpenLocker Holdings. |
| Digital Knight Finance S.r.l. | Seller | Company | Previous holder of Crisp Momentum, selling the company in exchange for OpenLocker Holdings' shares and potential earnout. |
| Clive Ng | Chairman of the Board | Person | Appointed as the new Chairman of OpenLocker, Clive Ng brings extensive strategic and management experience, especially in Asian markets. |