UA Multimedia, Inc. (OTCPK:UAMM) signed of a Letter of Intent to acquire a minority stake in Pascal Studio Inc. on February 15, 2023. Under the terms of the agreement, UA has the rights to acquire 30% of Pascal Common shares with 15% priced at early stage valuation and 15% priced at the current valuation. The Company plans to finance the acquisition via two year convertible notes.

It has received a verbal commitment for a partial amount and expects to secure the total amount in the next few months.