Grom Social Enterprises, Inc. (NasdaqCM:GROM) entered into a non-binding letter of intent to acquire Arctic7 LLC on March 5, 2024. As reported, Grom Social Enterprises will acquire Arctic7 through issuance of shares of common stock. Upon completion of the acquisition, Arctic7 will operate as a division within Grom and will continue to execute against its current strategy of delivering exciting and engaging experiences for players and partners.