After its acquisition by Better Collective, Playmaker has decided to remove its shares from this specific market once the agreement is completed.
Playmaker Capital, a digital sports media company that provides genuine content experiences through its collection of sports media brands, announced its decision to voluntarily remove its common shares from the OTCQX Best Market starting January 2, 2024. This happened due to Better Collective’s recent acquisition, which was declared on November 6.
The €176 million ($194 million) deal is anticipated to be finalized in the first quarter of 2024.
Jordan Gnat, director and CEO of Playmaker, commented on the acquisition, saying: “Over the past 12 months, I have been talking a lot about a transformational deal for Playmaker and its shareholders that will take this company to the next level.
“Their success is undeniable, and their vision to become the leading digital sports media group aligns with us exactly.”
“The cultures of our companies are very similar, and I see the integration and synergies to be incredibly attractive to shareholders.”
Because of this, the shares will be drawn in light of the charges connected with staying on the OTCQX up until the purchase closes.
OTCQX is an American industry, possessed and operated by the OTC Markets Team.
Playmaker has mentioned that it anticipates its usual shares to remain on the Pink Tier of the OTC Markets Team, although it cannot assure this.
Various other shares that continue to be typical will continue to trade on the TSX Endeavor Exchange under the ticker ‘PMKR’.
