Playmaker Capital Inc. Enters Into Definitive Agreement to Be Acquired by Better Collective
Summary
Pursuant to its engagement letter with Playmaker’s board of directors, Canaccord will receive a fixed fee for the delivery of the fairness opinion. • Each party will secure substantial prospects for portfolio improvement, particularly across Playmaker’s sports media brands, which will integrate Better Collective’s capabilities within performance based marketing related to customer acquisition. In addition, Jordan Gnat (and his affiliates) and Relay Ventures Fund III Capital Inc., Playmaker’s two largest shareholders, have agreed not to transfer or sell the ordinary shares of Better Collective they receive on closing of the Transaction for a period of up to 3 years and 2 years, respectively, subject to the terms of their lock-up agreements. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the timing of the Transaction. Headquartered in Copenhagen, Denmark, and listed on Nasdaq Stockholm (BETCO), Better Collectives portfolio includes; HLTV.org, Action Network, VegasInsider.com, Playmaker HQ, and FUTBIN.com.