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  • Fandom Sports Media Corp. (FDM) has closed the second and final tranche of its private placement financing
  • Fandom Sports has issued a total of 3,082,867 units at$0.24 per unit for gross proceeds of C$739,888
  • Through both tranches, Fandom issued an aggregate of 21,115,365 units for gross proceeds of $5,067,688
  • Fandom Sports Media Corp is a live sports and Esports entertainment company
  • Fandom Sports Media (FDM) opened trading at $0.335 per share

Fandom Sports Media Corp (FDM) has closed the second and final tranche of its private placement financing.

Fandom Sports has issued a total of 3,082,867 units at$0.24 per unit for gross proceeds of C$739,888.

Each unit consists of one common share and one common share purchase warrant entitling the holder to purchase one additional common share for $0.36 per common share on or before April 7, 2023.

Through both tranches, the company has issued an aggregate of 21,115,365 units for gross proceeds of $5,067,688.

Gravitas Securities Inc. received $31,609.20 in cash and 131,705 warrants, and BT Global Growth Inc received 925,432 common shares and 1,850,864 warrants in finder's fees.

Proceeds will be allocated towards technology development, business development, general corporate purposes and operations in Canada and abroad. 

Participants in the offering include existing shareholders and strategic investors connected to esports and capital markets to assist with value creation for the company.

In accordance with applicable securities legislation, all securities issued pursuant to the closing of the second tranche may not be transferred until August 8, 2021.

Fandom Sports Media Corp is a live sports and Esports entertainment company that aggregates, curates, and produces fan-focused content. Fandom is deploying a web application that operates on Android and iOS mobile devices focused on Fan Engagement and iGaming. 

Fandom Sports Media (FDM) opened trading at $0.335 per share.

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