OverActive Media Corp, the mum or dad firm of MAD Lions, Toronto Extremely, and Toronto Defiant, has introduced it should start buying and selling on the TSX Enterprise Change (TSXV).
OverActive has turn out to be the most recent esports organisation to turn out to be publicly listed, becoming a member of the likes of Guild Esports (London Inventory Change), Fanatic Gaming (TSX and Nasdaq), Esports Leisure Group (Nasdaq) and GameSquare Esports (OTC Markets), amongst others.
Picture credit score: OverActive Media
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On July ninth, OverActive Media accomplished a qualifying translation with capital pool firm Abigail Capital Company. This noticed a reverse takeover of Abigail happen by the shareholders of OverActive.
OverActive amalgamated with a wholly-owned subsidiary of Abigail, which is now known as OverActive Media Holdings, to facilitate the completion of the transaction.
In consequence, Abigail has modified its title to OverActive Media Corp and can commerce on the TSXV underneath the ticker ‘OAM’.
Chris Overholt, OverActive’s President and CEO, added: “We’re constructing a number one 21st century sports activities, media and leisure firm with esports at its core.
“At this time marks an thrilling and essential milestone, as buyers can now simply personal part of OverActive, a frontrunner within the quickly rising world esports and leisure business. I’m proud to be part of a board and administration group with a shared dedication to driving sustainable worth creation for our shareholders and pleasure to our followers.”
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The final 12 months have been affluent for OverActive. Alongside the corporate’s aggressive successes, OverActive has introduced plans to construct a 7,000-seat esports venue, pending approvals from the Metropolis of Toronto, and has secured over $40m in funding.
Esports Insider says: That is an thrilling time for OverActive Media because the organisation joins a rising checklist of publicly listed esports firms. It’ll be attention-grabbing to see how the organisation fares on the TSX Enterprise Change and whether or not this transfer proves to be fruitful for OverActive.