Evasyst, Inc. signed a non-binding letter of intent to acquire Live Current Media Inc. (OTCPK:LIVC) for $17.5 million in a reverse merger transaction on September 14, 2021. Evasyst, Inc. entered into a definitive agreement and plan of merger to acquire Live Current Media Inc. (OTCPK:LIVC) in a reverse merger transaction on January 20, 2022. The transaction is an all-stock reverse takeover. Under the transaction, LIVC will be issuing up to 125 million shares to the current shareholders of Kast for all their issued and outstanding shares. LIVC will be raising $1.5 million dollars in working capital. At the closing, Live Current's Chief Executive Officer, David Jeffs, will resign and be replaced by Kast's current Chief Executive Officer, Mark Ollila. In addition, the current board of directors of Live Current will resign and a new board will be appointed that will will consist of Mark Ollila, David Jeffs, Justin Weissberg, Leslie Klinger and Heidi Steiger. Mark Ollila will act as the Chief Executive Officer and Chief Financial Officer of Live Current Media, with David Jeffs acting as the Secretary of Live Current Media. As of April 22, 2022, John DaCosta and Amir Vahabzadeh have resigned from the board.

Pursuant to the terms of the letter of intent, it is the intention of the parties to sign a definitive agreement within 90 days of signing of the LOI. The signing of the definitive agreement is conditional upon both parties submitting to and completing due diligence investigations, both parties obtaining any shareholder approval required, approvals from the Board of LIVC and Evasyst and Kast providing the most recent two fiscal years of audited financial statements. As of January 20, 2022, the Boards of Directors of LIVC and Evasyst have approved the transaction. As of December 14, 2021, The LOI, dated September 14, 2021, lays out the terms of the proposed acquisition of Kast by Live Current and is set to expire on December 14, 2021. In light of the positive progress made towards closing the LOI, the parties have mutually agreed to extend the term to close the agreement by one month to January 14, 2022. All other terms of the LOI remain unchanged. Pursuant to the terms of the Merger Agreement, the companies will now have until April 30, 2022 to complete the transaction.

Evasyst, Inc. completed the acquisition of Live Current Media Inc. (OTCPK:LIVC) in a reverse merger transaction on April 22, 2022. Effective April 22, 2022, upon completion of the Merger and the acquisition of Evasyst, Amir Vahabzadeh and Joao (John) da Costa resigned as directors of Live Current Media Inc. Effective April 22, 2022, upon completion of the Merger, David Jeffs resigned as Chief Executive Officer and Chief Financial Officer of the Company. Jeffs continues to act for the Company as a director and as the President and Secretary of the Company. Mark Ollila was appointed as the Chief Executive Officer, and as a director and Chair of the Board, of the Company and Steve Smith was appointed as the Chief Financial Officer of the Company. In addition to Ollila, Justin Weissberg, Leslie Klinger, Heidi Steiger and Annamaria Rapakko were appointed as directors of the Company.