Flash (FLZH) Signs Term Sheet for 51% of Bongo; Deal gives access to 300M Viewers, ~$10M Revenue, EBITDA Accretive

New York, New York--(Newsfile Corp. - August 5, 2026) - Flash Sports & Media Holdings, Inc. (NASDAQ: FLZH) ("Flash Sports & Media," "FSM" or the "Company"), a vertically integrated sports, media and fan engagement platform, today announced that it has entered into a non-binding term sheet to acquire a 51% controlling interest in Bongo Holdings Pte Ltd ("Bongo"), one of South Asia's leading digital media, streaming and content distribution platforms. This transaction would give FSM a controlling position and based on financial information provided by Bongo management, the Company expects Bongo to contribute positive EBITDA following closing, before giving effect to transaction expenses, purchase-accounting adjustments and financing costs.

Bongo has built one of South Asia's largest digital media ecosystems, combining a proprietary end-to-end streaming platform with a distribution network reaching more than 300 million viewers and owned digital brands with over 73 million social media followers. Bongo distributes content through platforms including YouTube, Facebook and TikTok and has advised the Company that it is delivering premium sports and entertainment content from globally recognized brands including, Premium Football Leagues & Tournaments, MasterChef, Shark Tank, Eurovision and Family Feud, in addition to working with major media companies such as Sony and among many others.