Playmaker Capital Inc. Obtains Heritage Approval and Final Order for Arrangement with Better Collective
01 February 2024 - 4:00AM
Business Wire
Playmaker Capital Inc. (TSX-V: PMKR) (“Playmaker” or the
“Company”), the digital sports media company that delivers
authentic content experiences through its portfolio of sports media
brands, is pleased to announce that it has received approval from
the Minister of Canadian Heritage under the Investment Canada Act
(the “Heritage Approval”) with respect to its previously
announced plan of arrangement under the Business Corporations Act
(Ontario) (the “Arrangement”), pursuant to which Better
Collective A/S (“Better Collective”) has agreed to acquire
all of Playmaker’s issued and outstanding common shares.
Playmaker is also pleased to announce that the Ontario Superior
Court (Commercial List) issued a final order approving the
Arrangement on January 24, 2024 (the “Final Order”).
Following receipt of Heritage Approval and the Final Order, all
conditions to closing of the Arrangement, as contained in the
arrangement agreement between Playmaker and Better Collective dated
November 6, 2023, as amended on December 8, 2023 (the
“Arrangement Agreement”) have been satisfied or waived, save
for those conditions to be satisfied as part of the closing
process. The Arrangement is expected to close on February 6,
2024.
ABOUT PLAYMAKER CAPITAL INC.
Playmaker Capital Inc. (TSX-V: PMKR) is a digital sports media
company that acquires and integrates premier fan-centric media
brands, curated to deliver highly engaged audiences of sports fans
to tier one advertisers, online sports betting operators, and
sports federations and leagues. Leveraging its in-house technology
stack, Bench, and with a 360-degree view of sports fans, Playmaker
delivers authentic digital content experiences for sports fans and
best-in-class results for its partners across the Americas.
Playmaker reports in U.S. dollars, except where noted otherwise,
and in accordance with International Financial Reporting
Standards.
For more information, visit: http://www.playmaker.fans or
contact Playmaker Chief Executive Officer Jordan Gnat via email
jgnat@playmaker.fans | T: (416) 815-4993
To sign up for Playmaker’s Investor Alerts, visit:
playmaker.fans/investors.
Forward-Looking Information
This press release contains “forward-looking statements” within
the meaning of the applicable Canadian securities laws. These
statements can be identified by the use of forward-looking
terminology such as “expects,” “believes,” “estimates,” “projects,”
“intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or
“anticipates” or the negative or other variations of these or
similar words, or by discussions of future events, strategies or
risks and uncertainties. Specifically, forward-looking statements
include, but are not limited to, statements regarding the
Arrangement and the expected closing thereof. Such statements are
all subject to risks, uncertainties and changes in circumstances
that could significantly affect the Company’s future financial
results and business as well as the expected completion of the
Arrangement and the timing thereof.
Accordingly, the Company cautions that the forward-looking
statements contained herein are qualified by important factors that
could cause actual results to differ materially from those
reflected by such statements. Such factors include, but are not
limited to: (a) the closing of the Arrangement may be delayed or
may not occur at all, for reasons beyond the Company’s control; (b)
the occurrence of any event, change or other circumstances that
could give rise to the right of one or both of Playmaker and Better
Collective to terminate the Arrangement Agreement; and (c) other
factors as discussed in Playmaker’s annual information form dated
March 31, 2023 as filed with applicable securities regulatory
authorities in Canada and elsewhere in documents that Playmaker
files from time to time with such securities regulatory
authorities, including the management information circular dated
December 15, 2023 filed in connection with the Arrangement. The
Company does not intend to update publicly any forward-looking
statements except as required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release may not occur.
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version on businesswire.com: https://www.businesswire.com/news/home/20240131677860/en/
MEDIA & INVESTOR RELATIONS: Elias Blahacek – E:
elias@playmaker.fans | T: (416) 254-4345
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