Grom Social Enterprises, Inc. (NasdaqCM:GROM) entered into a non-binding letter of intent to acquire Arctic7 LLC on March 5, 2024. Grom Social Enterprises, Inc. (NasdaqCM:GROM) agreed to acquire Arctic7 LLC on March 14, 2024. Upon completion of the acquisition, Arctic7 will operate as a division within Grom.