Rivulet Entertainment, INC

Rivulet Entertainment, Inc. announced the resignation of CEO Walter Geldenhuys and the appointment of Michael Witherill to the Board of Directors.

Rivulet Entertainment, Inc. has completed its reverse acquisition of key Rivulet Media, Inc. subsidiaries, integrating a film production business that reported a substantial revenue decline and net loss in fiscal year 2024, alongside a going concern warning, despite securing a $10 million licensing deal with Disney DTC LLC post-period.

Rivulet Entertainment, Inc. has announced that its previously issued financial statements, including those in its Form 10-KT, should no longer be relied upon due to a non-cash accounting error of approximately $27 million related to a merger equity pre-payment.

Rivulet Entertainment reduces the cash portion of its Asset Purchase Agreement with Rivulet Media by $3.55 million, bringing the total cash consideration to $6.45 million.

Rivulet Entertainment, Inc. has amended its asset purchase agreement to remove Maughan Music, Inc. and add Storyland Animation LLC as a purchased asset.

Rivulet Entertainment has amended its articles of incorporation to designate Series A, B, and C preferred stock, effective September 25, 2024.

Rivulet Entertainment, Inc. reported a significant content license agreement with Apple Video Programming LLC for its film 'The Dink,' while simultaneously disclosing substantial doubt about its ability to continue as a going concern.

Rivulet Entertainment, Inc. reported a significant net loss for the nine months ended March 31, 2025, and disclosed substantial doubt about its ability to continue as a going concern.

Rivulet Entertainment, Inc. reported a significant net loss and negative cash flow from operations, raising substantial doubt about its ability to continue as a going concern.

Rivulet Entertainment, Inc. reported a significant net loss and negative working capital for the quarter ended September 30, 2024, raising substantial doubt about its ability to continue as a going concern, despite completing a reverse merger and securing a $10 million licensing agreement with Disney DTC LLC post-period end.

Advanced Voice Recognition Systems, Inc. reports a net income of $29,790 for the first quarter of 2024 and completes an asset purchase agreement with Rivulet Media, Inc.

Rivulet Entertainment, Inc. filed an amendment to its transition report to clarify that it is not a shell company, alongside standard management certifications.

Rivulet Entertainment, Inc. reported a net loss of $5.9 million for fiscal year 2025, raising substantial doubt about its ability to continue as a going concern despite a significant revenue increase from a film sale.

Rivulet Entertainment, Inc. filed an amended transition report to restate financial statements, reflecting a reclassification of a $26.9 million equity prepayment related to its acquisition of Rivulet Media, and disclosed new debt financing and ongoing going concern issues.

Rivulet Entertainment, formerly Advanced Voice Recognition Systems, completed a reverse merger with Rivulet Media, shifting its focus to film production and experiencing a change in control.

Rivulet Entertainment, formerly Advanced Voice Recognition Systems, Inc., filed an amendment to its 2022 annual report to correct a misidentification as a shell company.

Advanced Voice Recognition Systems, Inc. reported a net loss of $310,877 for 2023, a significant increase from the $48,589 loss in 2022, as the company focuses on commercializing its intellectual property.

Daniel Dean Crosser has reported a beneficial ownership of 12,375,000 shares, representing 11.72% of Rivulet Entertainment, Inc.'s Common Stock.