Esports organisation ESE Entertainment Inc. has secured over $2.25 million CAD (£1.3 million) in investment alongside its public listing.
The company’s shares are set to begin trading on the TSX Venture Exchange on Monday, August 17 under the symbol “ESE”.
Earlier this year, ESE Entertainment signed an amalgamation agreement with Kepler Acquisition Corp. and announced plans to list itself publicly on the TSX Venture Exchange. A promising response from investors allowed ESE to oversubscribe and include participation from several premier investment banks.
Zachary Dolesky, Director at Kepler Acquisition Corp., spoke on the recent developments: “We are very impressed with the execution of ESE’s management team. Their business has accelerated since signing our Amalgamation Agreement, and we are excited to support their continued growth. There is limited exposure to strong European technology companies on the TSX Venture Exchange, and we are confident that ESE is well positioned to stand out. We believe this sentiment is underpinned by the sophisticated institutions who comprise the investor base in this financing.”
ESE Entertainment provides digital and physical infrastructure, broadcasting, and global distribution for gaming and esports-related content. The company intends to consolidate the gaming industry by bridging Europe and the rest of the world. It operates across the gaming and media production value chain and generates revenue from media rights, sponsorships and advertising, events and merchandise, and competition earnings.
Konrad Wasiela, CEO of ESE Entertainment, commented: “This is a significant milestone for ESE and we are thrilled to list on the TSX Venture exchange alongside global leaders. We have experienced strong growth in the business and our management team is excited to continue executing at a world-class level. This financing and listing provide us with the firepower to execute on our goals and continue our global expansion.”
Disclaimer: This piece is sponsored by ESE Entertainment
Published at Thu, 13 Aug 2020 18:29:10 +0000