Vertiqal completes sale of Luminosity asset

Executive Summary

• Vertiqal Studios Corp. has completed the sale of its Luminosity asset, which was previously acquired from Enthusiast Gaming Holdings Inc.
• The divestiture is part of Vertiqal's strategic shift to focus on core growth engines, including social video channels, proprietary monetization infrastructure, and its operational engine.
• Vertiqal will retain all historical debts, liabilities, and unpaid creator obligations associated with Luminosity, while the buyer assumes no such liabilities.

Key Details

• Transaction Structure: Sale of the Luminosity asset.
• Purchase Price: $300,000 upfront cash payment plus a contingent payment of $125,000 payable to Vertiqal once revenue is collected under a subsequent sales agency agreement.
• Liabilities: Vertiqal retains all historical debts, liabilities, and unpaid creator obligations arising prior to the change in ownership; the buyer does not assume these obligations.
• Post-Transaction Relationship: Vertiqal will remain engaged with Luminosity as a non-exclusive commercial partner on select sales efforts pursuant to a sales agency agreement.
• Strategic Rationale: Vertiqal aims to sharpen its focus on scalable revenue opportunities, accelerate innovation, and strengthen strategic partnerships, entering 2026 with a streamlined foundation.
• Operational Scope: Vertiqal manages 200-plus channels across TikTok, Instagram, YouTube, and Snapchat, producing over 100 pieces of content per day for a community of more than 52 million followers.

Notable Quotes

• "Luminosity is a powerful legacy brand and has a passionate community behind it. We believe placing the brand in the hands of the new ownership is the right decision for its future. This transition enables Vertiqal to concentrate even further on our core growth engines, delivering on the strategy we have been building across our network and operational platforms. We remain aligned with Luminosity as a sales partner and look forward to seeing the brand thrive under its new owner." — Max Desmarais, President of Vertiqal Studios