WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 20, 2018
(Exact Name of Registrant as Specified in Charter)
|(State or Other Jurisdiction of
||(Commission File Number)
||(IRS Employer Identification No.)|
|1500 Fourth Avenue, Suite 200, Seattle, WA
|(Address of Principal Executive Offices)
Registrant’s telephone number, including
area code: 775-600-2765
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communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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* Indicate by check mark whether the registrant is an emerging
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If any emerging growth company, indicate
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Item 8.01 — Other Events.
Maven Gives Update for Q2 Financial Data and Coalition
Maven, Say Media and HubPages, when analyzed for Q2 2018, had
revenues totaling $5.1 million and monthly visitors reaching 96.4 million.
Maven continues progress toward completing the acquisitions
of HubPages and Say Media, which Maven believes will result in a market leading platform for independent publishers, with a combined
reach of over 100 million monthly visitors. Maven has taken initial steps to integrate the coalition, including the launch of maven.io
as a unified directory and the selling of the new inventory as a unified audience.
Maven completed its initial acquisition payment to HubPages,
and continues progress toward the acquisition of Say Media, which is being re-architected as an asset purchase. The finalized agreement
for Say Media is anticipated to be completed, and both the transactions are expected to close, in about the next month.
Maven’s veteran media leadership team expects to leverage
the newly acquired and growing scale to grow revenue per user over time. “Our next step is to harvest,” said Maven
CEO, James Heckman.
Assuming the completion of the acquisitions of HubPages and
Say Media by Maven, the pro-forma financial performance of the three companies for the first half of 2018 would show continued
revenue growth in Q2 2018 to an unaudited aggregated $5.1 million.
|*||Unaudited, pro forma aggregated revenue through Q2
The three companies continue to successfully grow their publisher
partnerships and traffic, such that the pro forma aggregated unique visits in Q2 2018 averaged 96.4 million monthly visitors.
|**||source: Google Analytics, sum of individual companies
The three companies have been engaged in detailed integration
planning and joint go-to-market activities since April 2018. After completion of the acquisitions, Maven, Say Media and HubPages
immediately will begin operating as a single business, with consolidated financials, and a single team go-to-market effort to leverage
the combined scale to drive revenue growth. Maven anticipates closing both acquisitions in the third quarter of 2018, and expects
to be reporting on a consolidated basis for the month of September, 2018.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|Dated: July 20, 2018
||/s/ Joshua Jacobs
||Name: Joshua Jacobs