Never mind.

AudioBoom has decided not to buy Triton Digital after all, triggering a termination payment to trade of nearly $1 million and $16.6 million worth of AudioBoom shares. The streaming company told investors that the reverse takeover had to be called off because they had difficulty placing new shares in the company finance the deal. The whole thing has put AudioBoom’s future in grave jeopardy: they only have working capital for about a month, and trading of that company’s shares has been suspended “pending clarification over the company’s financial position.”