Myseum Completes Sale of Minority Stake in RPM Interactive for Approximately $6.5 Million in Avalon GloboCare Acquisition

Core Insights - Myseum, Inc. has completed the sale of its approximately 34% ownership interest in RPM Interactive, Inc. to Avalon GloboCare Corp. as part of a 100% acquisition of RPM, with a total purchase price of $19.5 million [1] - The acquisition involves Avalon issuing 19,500 shares of Series E Non-Voting Convertible Preferred Stock to RPM's stockholders, with each share convertible into common stock at a $1.50 conversion price [1] - This transaction allows Myseum to focus its resources on expanding its core Picture Party business, enhancing its position in the interactive media space [3] Myseum's Business Focus - Myseum's flagship platform, 'Picture Party', is designed for users to share photos and videos securely and privately, emphasizing ease-of-use and a next-generation social experience [4] - The company operates a privacy-focused social media technology platform that allows users to create digital legacies and manage content securely [6] - Myseum also offers the DatChat Messenger, which provides users with control over message visibility and security features, enhancing the traditional texting experience [7]