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Be the first with the news that moves the market- Gamelancer Media Corp. (CSE:GMNG) has received conditional approval to level-up its common shares to the Toronto Stock Exchange
- The Toronto-based company is up-listing from the Canadian Stock Exchange (CSE) to the TSX, which is expected to provide greater access to family office and institutional support in the open market
- Gamelancer Media Corp. (GMNG) opened trading at C$0.10
Gamelancer Media Corp. (CSE:GMNG) has received conditional approval to level-up its common shares to the Toronto Stock Exchange.
The Toronto-based company is up-listing from the Canadian Stock Exchange (CSE) to the TSX, an important milestone expected to provide the business with greater access to family office and institutional support in the open market.
Gamelancer Media’s Chief Business Officer, Max Desmarais commented that up-listing to the TSX will enhance liquidity by expanding the company’s reach to a broader range of domestic and international investors.
“Listing on Canada’s most senior exchange makes it easier for institutions and family offices to support Gamelancer, many of whom have self-imposed restrictions on trading securities on a junior exchange.”
Chairman and CEO, Jon Dwyer added that listing on the TSX can better equip the company to grow a larger institutional, family office, and retail constituency of shareholders.
“Trading on the TSX does not require Gamelancer to conduct a share consolidation. Optionality was provided to shareholders to vote for or against allowing the company to conduct a share consolidation, however management and insiders, who collectively hold over 59 per cent of outstanding common shares, intend to vote no to consolidation at the upcoming AGM in June.”
The final approval of the listing is subject to Gamelancer fulfilling certain customary conditions mandated by the TSX.
Gamelancer Media Corp. is a media and entertainment company producing short-form video content for brands broadcast on its owned and operated TikTok, Instagram and Snapchat channels. Gamelancer works with brands such as Samsung, Belkin, RBC, Celsius, ABC and ESPN+, among others. The company recently released its Q1 2023 revenues and reported that it exceeded Q1 2022 by 986 per cent. Click here to read the full details.
Gamelancer Media Corp. (GMNG) opened trading at C$0.10.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
