Flash to Pay $51M in Series A Preferred to Acquire 51% of Dubai Hospitality Group

Flash announced a non-binding LOI to acquire a 51% controlling interest in a Dubai hospitality group for $51 million in Series A Preferred Stock.

Key Highlights:

• Entered confidential, non-binding LOI dated June 27, 2026 to acquire 51% of Nooa Holdings Ltd’s assets.
• Purchase price of $51 million to be paid entirely in newly created Series A Preferred Stock, requiring no cash at closing.
• Series A Preferred expected to carry voting rights and become convertible into common stock beginning 365 days after closing.
• Acquisition would vertically integrate player, team and production hosting across Flash’s cricket leagues and add year-round hospitality revenue.
• Transaction remains subject to due diligence, definitive agreements, financing and required regulatory and shareholder approvals.

Original SEC Filing:

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