Eugene, OR – December 27, 2023 – Napkin Inc. has announced the sale of No Limit Creatives, LLC.
The Purchaser was a member of Napkin’s Cap Table, thereby allowing NLC to stay “within the family”. The sale was important to Napkin as it nearly reduced Napkin’s cumulative debts to zero, allowing for a strong Balance Sheet heading into its next “batch” of acquisitions.
At the conclusion of negotiations, Napkin Co-Founder Grant Anderson commented, “We’re thrilled that the sale of NLC places Napkin in such a strong financial position by meaningfully cleaning up the Balance Sheet. While we’re sad to see NLC go, we believe that the transaction is in the best interests of both the future of Napkin and the future of NLC.”
About Napkin Inc.
Napkin is positioned as a go-public roll-up strategy, with the continued focus of acquiring $200m+ of “digital disruptors” from around the globe. All acquisitions are comprised of elite, complimentary talent that help provide end-to-end solutions across tech markets. By encouraging collaboration and concentrating on strategies for growth, Napkin fosters an environment for business owners to scale effectively and establish themselves as market leaders in the global tech-scene.
Napkin offers founders above-market purchase prices by facilitating a large portion of each transaction with “share-swaps”. Every share issued by Napkin is the same common stock, which allows founders the security of equal-opportunity at any liquidity event. As the collective grows and Napkin matures, founders will experience a further multiple on their “share swap” share price, potentially creating personal liquidity opportunities beyond what they would have otherwise been able to achieve on their own.
As Napkin grows through each set of “batch acquisitions”, investors are afforded the opportunity to buy shares back from founders, thereby providing founders with liquidity while providing investors with discounted pricing.