Stingray obtains a waiver to facilitate investments by non-Canadians

▤ Summary

Stingray says it has received a regulatory waiver that treats two classes of subordinate voting shares as a single class for certain takeover-bid and early-warning reporting rules. The decision takes effect immediately and is meant to make it easier for non-Canadians to invest in Stingray's variable subordinate voting shares. The company says its dual-class structure exists to comply with Canadian ownership rules under the Broadcasting Act. This change reduces the risk that investors will accidentally trigger Canadian securities thresholds when buying Stingray shares. The announcement may slightly broaden investor access, but it does not change the company's operating business or product lineup.

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Stingray Group Inc.

$250M to $500M