Further diversifying the nature of the cash flows acquired under its brand contract with Vernon Davis, Fantex, Inc. announced it has again exercised its right to co-invest alongside the 49ers Pro-Bowl tight end.
On behalf of stockholders of the Fantex Series Vernon Davis Convertible Tracking Stock (OTC: VNDSL) (“Fantex Series Vernon Davis”), the Silicon-Valley based company has acquired a 10 percent ownership interest in a fourth Jamba Juice franchise.
[REWIND: Fantex announces $.50 dividend on Vernon Davis stock]
Under its brand contract with Mr. Davis, Fantex, Inc. has a right to co-invest in certain opportunities presented to Mr.