Business Context and Reporting Period
This Form 8-K Current Report was filed by Myseum, Inc. (Nasdaq: MYSE) on December 11, 2025, with the report date finalized on December 15, 2025. The filing discloses a material definitive agreement regarding debt forgiveness and the subsequent completion of the sale of the Company's interest in RPM Interactive, Inc.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, or liquidity ratios. The primary financial data point disclosed is the extinguishment of a receivable:
- Debt Extinguished: $5,202,132 in advances previously made to RPM Interactive, Inc.
- Consideration Received: None (forgiven without payment).
- Ownership Interest Sold: Approximately 34% of RPM Interactive, Inc.
Material Changes
The filing details two significant corporate actions:
- Debt Forgiveness: On December 11, 2025, Myseum entered into an agreement to forgive and extinguish $5,202,132 owed by RPM Interactive. This transaction involves a related party, as Myseum CEO Darin Myman also serves as President and a Board Member of RPM Interactive.
- Asset Sale: On December 15, 2025, Myseum completed the sale of its approximately 34% ownership stake in RPM Interactive to Avalon GloboCare Corp. (Nasdaq: ALBT), which acquired 100% of RPM Interactive.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the disclosure of the related-party nature of the debt forgiveness. The transaction with RPM Interactive is noted as a related-party transaction due to the overlapping leadership roles of Darin Myman.
Investor Verification Checklist
- Verify the accounting treatment and impact of the $5.2 million debt forgiveness on the Company's balance sheet and income statement.
- Confirm the total consideration received from Avalon GloboCare Corp. for the 34% stake in RPM Interactive, as the specific sale price is not detailed in this summary text.
- Review the full text of the Debt Forgiveness and Contribution Agreement (Exhibit 10.1) for any hidden terms or future obligations.
- Assess the strategic rationale for forgiving a related-party debt immediately prior to selling the equity interest in the same entity.