v3.25.2
REVERSE MERGER (Tables)
 6 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
SCHEDULE OF MERGER

 

         
Number of shares issued to effectuate the merger  A   96,722,950 
Rivulet Media inc. consolidated shares outstanding-pre merger  B   144,045,171 
Exchange ratio  A/B   0.67 

 

Further, for the recapitalization shares issued amount, the Company determined the implicit number of shares that Rivulet Media, Inc. would have had to issue in order to provide Rivulet Entertainment, Inc. with an approximate 12% interest in the combined company and multiplied that amount times the established exchange ratio as follows:

 

         
Gross implicit shares issued by Rivulet Media, inc.  A   19,320,000 
Exchange ratio  B   0.67 
Net implicit shares issued  A*B   12,972,926