Connect with us

Latest News

Playmaker Capital Inc. Announces Completion of Qualifying Transaction

Published

on

Not for distribution to U.S. news wire services or for dissemination in the United States

TORONTO, May 31, 2021 (GLOBE NEWSWIRE) — Playmaker Capital Inc. (formerly capital pool company Apolo III Acquisition Corp.) (the “Corporation”) (TSXV: PMKR) is pleased to announce that, further to its comprehensive news release dated April 19, 2021, it has completed the acquisition (the “Qualifying Transaction”) of all of the issued and outstanding securities of Playmaker Capital Inc. (“Old Playmaker”) constituting its “Qualifying Transaction” (within the meaning of Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange (the “Exchange”)). Prior to the completion of the Qualifying Transaction, the Corporation effected a consolidation (the “Consolidation”) of its outstanding common shares (the “Common Shares”) on the basis of one post-Consolidation Common Share for every 4.54 pre-Consolidation Common Shares and changed its name from “Apolo III Acquisition Corp.” to “Playmaker Capital Inc.” (the “Name Change”).

The Qualifying Transaction was completed by way of a three-cornered amalgamation pursuant to which, among other things: (a) Old Playmaker amalgamated (the “First Amalgamation”) with 2830125 Ontario Inc. (“Apolo Subco”), an entity incorporated for the purposes of the First Amalgamation, pursuant to the provisions of the Business Corporations Act (Ontario) (“OBCA”); (b) all of the common shares of Old Playmaker (each, an “Old Playmaker Share”) outstanding immediately prior to the First Amalgamation were cancelled and, in consideration therefor, the holders thereof received post-Consolidation Common Shares of the Corporation (each, a “Resulting Issuer Share”) on the basis of one (1) Old Playmaker Share for one (1) Resulting Issuer Share (the “Exchange Ratio”); and (c) the entity resulting from the First Amalgamation subsequently amalgamated (the “Second Amalgamation”) with the Corporation under the OBCA. In connection with the completion of the Qualifying Transaction, the Resulting Issuer Shares will be listed on the Exchange under the ticker symbol “PMKR”. It is anticipated that trading of the Resulting Issuer Shares under the new ticker symbol will commence on or about June 3, 2021.

Immediately following completion of the Qualifying Transaction, Michael Galego, Vincent Gasparro and Ryan Roebuck resigned from their positions as officer and directors of the Corporation, as applicable, and the following individuals were appointed as the officers and directors of the Corporation:

  • Jordan Gnat, Chief Executive Officer and Director
  • John Albright, Director
  • Jake Cassaday, Director
  • Wayne Purboo, Director
  • Sebastian Siseles, Director
  • Mark Trachuk, Director
  • Maryann Turcke, Director
  • Michael Cooke, Chief Financial Officer
  • Federico Grinberg, Executive Vice President

Immediately before the completion of the Qualifying Transaction and upon the satisfaction or waiver of certain escrow release conditions, each of the 48,000,000 subscription receipts (the “Subscription Receipts”) issued by Old Playmaker on March 31, 2021, pursuant to a concurrent brokered and non-brokered private placement (the “Subscription Receipt Financing”) completed by Old Playmaker led by Canaccord Genuity Corp., as lead agent, together with Echelon Wealth Partners Inc., Eight Capital, PI Financial Corp. and Scotia Capital Inc. (collectively, the “Underwriters”), were automatically converted, without payment of additional consideration or any further action by the holders thereof, into one Old Playmaker Share in accordance with their terms. In connection with the Subscription Receipt Financing, the Underwriters received commission comprised of $1,100,600 cash and an aggregate of 1,575,600 broker warrants (the “Broker Warrants”) of the Company, each Broker Warrant entitling the holder thereof to acquire one Resulting Issuer Share at a price of $0.50 per Resulting Issuer Share for a period of 18 months.

At the effective time of the First Amalgamation, among other things, outstanding Old Playmaker Shares (including those Old Playmaker Shares issued upon the automatic conversion of the Subscription Receipts) were exchanged for Resulting Issuer Shares on the basis of the Exchange Ratio.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

No fractional Resulting Issuer Shares were issued pursuant to the Consolidation. If, as a result of the Consolidation, a holder of pre-Consolidation Common Shares was otherwise entitled to a fraction of a Resulting Issuer Share, the number of Resulting Issuer Shares issuable to such holder was rounded down to the nearest whole number. Following the Second Amalgamation, there are 176,576,461 Resulting Issuer Shares outstanding, of which 174,684,461 Resulting Issuer Shares, representing approximately 98.9% of the currently issued and outstanding Resulting Issuer Shares, are held by the former Old Playmaker shareholders. An aggregate of 95,378,412 Resulting Issuer Shares will be subject to value escrow or Seed Share Resale Restrictions pursuant to Exchange Policy 5.4 – Escrow, Vendor Consideration and Resale Restrictions.

For further information regarding the Qualifying Transaction and the Corporation, please see the short form prospectus of Apolo III Acquisition Corp. dated May 21, 2021, which is available on SEDAR at www.sedar.com.

The Corporation is also pleased to announce that all matters submitted to shareholders for approval as set out in detail in the Corporation’s management information circular (“Circular”) dated April 26, 2021 were approved at the annual general and special meeting of the shareholders of the Corporation held on May 26, 2021 (the “Meeting”)

At the Meeting the following items were approved by the shareholders of the Corporation:

  1. re-appointing MNP LLP as auditors of the Corporation;
  2. electing the incumbent members of the board of directors, being Michael Galego, Vincent Gasparro and Ryan Roebuck to hold office until closing of the Qualifying Transaction;
  3. electing Jordan Gnat, John Albright, Jake Cassaday, Maryann Turcke, Mark Trachuk, Sebastian Siseles and Wayne Purboo as new directors of the Corporation, conditional upon and effective on the closing of the Qualifying Transaction, to hold office until the close of the next annual general meeting of the shareholders or until their successors are elected or appointed;
  4. re-approving the Corporation’s existing stock option plan and approving the Corporation’s new stock option plan effective upon closing of the Qualifying Transaction;
  5. amending the Corporation’s articles of incorporation to reflect the Consolidation; and
  6. adopting an advance notice by-law of the Corporation;

In addition to the above, disinterested shareholders of the Corporation voted in favour of the following resolutions proposed in the Circular, thereby implementing certain changes needed to transition to the Exchange Policy 2.4 – Capital Pool Companies, effective as at January 1, 2021 (“Exchange Policy 2.4”):

  1. authorizing the Corporation to make certain amendments to the Corporation’s escrow agreement; and
  2. removing the consequences associated with the Corporation not completing a Qualifying Transaction within 24 months of its listing date.

Further information regarding the resolutions passed at the Meeting can be found in the Circular, which is available on the Corporation’s profile on SEDAR at www.sedar.com.

The Corporation is also pleased to announce that it has retained Hybrid Financial Ltd. (“Hybrid”) to provide marketing services to the Corporation in order to heighten its market and brand awareness and to broaden the Corporation’s reach within the investment community. With offices and Toronto and Montreal, Hybrid is a sales and distribution company that uses a data-driven approach to actively connect issuers to the investment community across North America.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

Hybrid has agreed to comply with all applicable securities laws and the policies of the Exchange in providing its services to the Corporation and has been engaged for an initial period of six months, beginning June 1, 2021 (the “Initial Term”), renewed automatically for successive six month periods thereafter, unless terminated by the Corporation. The Corporation will pay Hybrid a monthly fee of $15,000, plus applicable taxes, during the Initial Term. The appointment of Hybrid is subject to Exchange approval.
For further information, please contact:

Jordan Gnat
Chief Executive Officer
[email protected]  

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward Looking Information

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding the commencement of trading of the Resulting Issuer Shares, the appointment of Hybrid, the business plans and expectations of the Corporation and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to receipt of final listing approval from the Exchange, together with the factors referenced in this news release and the long form prospectus of the Corporation dated May 21, 2021 (the “Prospectus”), including, but not limited to, those set forth in the Prospectus under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Corporation has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

Continue Reading
Advertisement

Latest News

Optimove Ignites APAC Expansion with Leading iGaming Operators Joining Platform

Published

on

Reading Time: 2 minutes

 

Magency Life, WeClub Malaysia, and 2up.io sign on following Optimove’s regional launch

Optimove, the creator of Positionless Marketing and the #1 Player Engagement Platform in iGaming, today announced that three leading APAC iGaming operators: Magency Life, WeClub Malaysia, and 2up.io have selected Optimove as their player engagement platform. This follows the company’s formal launch of operations in Asia-Pacific and underscores its momentum in the region.

The announcement comes immediately after Optimove’s appointment of iGaming veteran Jack Wheeler to head the APAC region. Wheeler and team are driving regional growth and supporting operators in scaling player engagement strategies through data, personalization, and AI-driven orchestration.

“Our rapid adoption in the region is validation that iGaming operators in APAC are forward thinking, with a deep commitment to meaningful player engagement,” said Jack Wheeler, Senior Account Executive and Head of APAC. “Optimove’s ability to empower operators that embrace Positionless Marketing to increase marketing efficiency by 88% is ushering the APAC iGaming industry into an era where real-time marketing execution is scalable.”

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

Optimove’s Positionless Marketing Platform gives marketing teams the power to independently launch and optimize campaigns across channels without waiting on engineering, creatives, or analysts.

The company’s Optimove Ignite+ program, played a key role in accelerating adoption across the region. The comprehensive program is designed to accelerate growth for emerging iGaming and sports betting operators. It offers exclusive access to Optimove’s #1 Player Engagement Platform, along with expert CRM guidance, actionable insights, and proprietary industry benchmarks. Optimove Ignite+ empowers operators to enhance player engagement, improve marketing efficiency, and scale efficiently in a highly competitive market.

“These partnerships mark a major step forward in our mission to help operators across APAC build deeper, longer-lasting relationships with their players,” said Motti Colman, VP of Revenue at Optimove. “It underscores that Positionless Marketing, and its ability to free marketers to execute personalized player journeys without bottlenecks, is a key to growth in competitive markets. We’re honored to be chosen.”

With regional operators facing rising competition and evolving player expectations, Optimove provides the tools to act instantly on data, deliver personalized experiences, and drive lifetime value all from a single, AI-powered platform.

 

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

The post Optimove Ignites APAC Expansion with Leading iGaming Operators Joining Platform appeared first on European Gaming Industry News.

Continue Reading

Latest News

PepsiCo Returns as Main Partner of the Esports World Cup 2025

Published

on

Reading Time: 2 minutes

 

PepsiCo brings back Pepsi and introduces Mountain Dew, energising the global gaming community at the world’s largest esports event.

The Esports World Cup Foundation (“EWCF”) today announced its renewed partnership with PepsiCo, establishing Pepsi and Mountain Dew as Main Partners of the Esports World Cup 2025, set to take place this summer in Riyadh, Saudi Arabia. With Pepsi and Mountain Dew joining the EWC, both iconic beverages will fuel and energize the worldwide gaming community.

The renewed partnership marks the continued expansion of PepsiCo’s footprint in gaming and a bold step forward in delivering world-class experiences to fans in Riyadh and around the globe.

Following its debut as a Founding Partner in 2024, Pepsi returns to the Esports World Cup with an expanded presence across the 2025 festival. Activations will include immersive fan zones, large-scale product sampling, and co-branded content with artists, creators, and players.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

Mountain Dew, joining as a Main Partner for the first time, is levelling up players’ game in EWC 2025 to EWC 2025. A long-standing supporter of gaming, the brand will deliver immersive on-site experiences, exclusive merchandise drops, and branded competitions that resonate from grassroots to pro. With a digital-first campaign themed “Dew levels up your game,” Mountain Dew will activate across KSA social channels, broadcast, and festival touchpoints — reinforcing its ambition to lead in gaming culture and power the next generation of players.

Both brands will feature prominently throughout the event — from the Opening Ceremony to hospitality areas — with branded fridges and product placement across esports venues, the Players’ Lounge, and festival grounds, uniting music, gaming, and entertainment to deliver high-energy fan experiences.

Mohammed Al Nimer, Chief Commercial Officer at Esports World Cup Foundation, said: “We’re excited to have Pepsi and Mountain Dew back as Main Partners for the second year. These are brands that truly get gaming and its fans. With their support, this year’s Esports World Cup will be an even bigger celebration of community and creativity”

Returning to Riyadh, Saudi Arabia, from July 7 to August 24, 2025, the Esports World Cup will unite global gaming communities for a celebration of esports culture. With 25 tournaments across 24 games, 2,000 elite players, and 200 Clubs from over 100 countries, the EWC will feature the largest prize pool in esports history, over $70 million. Fans can expect exclusive experiences, from high-stakes competition to live music, anime cafes, retro arcades, cosplay, and more, drawing millions of fans online and in person.

To learn more about EWC, visit esportsworldcup.com and follow Esports World Cup Foundation on LinkedIn.

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

 

The post PepsiCo Returns as Main Partner of the Esports World Cup 2025 appeared first on European Gaming Industry News.

Continue Reading

Latest News

Jelly, True Rippers BGMI star, speaks out against cyberbullying: calls for a safer, more respectful ecosystem

Published

on

Reading Time: 2 minutes

 

Jelly, one of India’s leading Battlegrounds Mobile India (BGMI) athletes, representing Infinix True Rippers, has issued an appeal to the esports community to stand against cyberbullying and threats in the esports ecosystem.

Following the BMPS 2025 Semifinals 2, where Jelly was performing with the sole goal of helping his team qualify for the grand finals, the player faced a wave of online hate, including abusive messages and death threats, all for eliminating a rival and his former team.

In a heartfelt statement, Jelly explained: “I am here to qualify just like every other team. If there is a fight against GodLike, I cannot just put my guns down and I also don’t know who is in front of me. Every team on this stage is here to play for victory. I wanted both teams to qualify, theirs and mine, but because of mistakes, neither of us made it. It is not because of one fight alone that things went wrong.”

Jelly also condemned the personal attacks he has faced and appealed for a safer esports ecosystem:

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

“No player deserves hate or threats for doing their job and competing. We put in countless hours to train, just like any athlete in any sport. We need to stand for fair, safe, and respectful esports, without fear of abuse.”

With esports continuing to grow as a mainstream sport in India, the need for stronger measures to protect players from cyberbullying and online harassment is more crucial than ever. Jelly emphasized that athletes, content creators, and fans deserve a positive, supportive environment to thrive.

The 24-year-old pro has pledged to use his platform to promote safe gaming practices and challenge toxic behavior within the gaming community.

Infinix True Rippers, the team Jelly represents, also extended their support to his statement, reiterating their commitment to building a culture of fairness, mental well-being, and respect in Indian esports.

 

Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)

The post Jelly, True Rippers BGMI star, speaks out against cyberbullying: calls for a safer, more respectful ecosystem appeared first on European Gaming Industry News.

Continue Reading

Trending

Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Gaming News Room is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania