About Ola Media
OLA MEDIA is a network of interactive touch screens located exclusively in the backseat of Ubers. By leveraging innovative technologies and captivating spaces, we help brands create engaging experiences with a high value audience.
Industry validation through T-Mobile acquisition of US comparable in Q1’22
- $300k USD in committed sales for 2022 to date
- Current screen count of 1,600+, representing >200% growth YTD
- Re-negotiated data connectivity costs, achieving a 37% decrease per GB of data
- Increased headcount from 8 to 17 full-time employees YTD
- Onboarded Ignacio Estanga (VP of Partnerships, Twitch) to the company’s Advisory Board
- Ongoing conversations with a leading national airline and EV charging network to diversify into a multi-channel media ecosystem
- Continuous development of content partnerships with national and global publishers including Business Insider, FOX, Fever, TV Azteca, Entrepreneur, and more.
- Launching the company’s 2nd-generation product in September 2022, featuring an enhanced gamification and discovery experience.
Terms:
Non-brokered private placement (the "Private Placement") of up to 2,500,000 common shares of the Company (each, a "Share"), at a subscription price of $0.40 per Unit, for gross proceeds of up to $1,000,000.
There are no finder's fees or commissions associated with the completion of the Private Placement. The proceeds of the Private Placement will be used for the Company's general corporate and working capital. The Common Shares to be issued in connection with the completion of the Private Placement will be subject to a hold period of four months and a day from the date of issuance in each instance. |
