User:Playmaker Capital Reveals Information
Playmaker Capital Reveals Information About Playmaker Capital's Shareholders' Meeting
Playmaker Capital, Inc., a digital sports media company that provides a true content experience through its portfolio of sports media brands, announced that it had used notification and access procedures to mail the management information circular and related materials for the Playmaker shareholder special meeting, and accordingly, Better Collective A/S agreed to acquire both Playmaker's outstanding and outstanding common shares. Each Company shareholder will be offered a combination of $0.70 in cash, $0.206 in common shares of Better Collective (each common share, "better collective") capital, or (c) $0.245 in cash and $0.134 in Better Collective shares, in each case for Foration. This is more specifically described in Circular and Playmaker's news releases dated November 7, 2023.
After evaluating the arrangements with management and Playmaker's legal and financial advisors, including receiving a impartiality opinion from Canaccord Genuity Inc., the Playmaker Board unanimously determines that the arrangements are in the best interest of the Playmaker and is fair to the Company's shareholders (except certain rollover shareholders, Jordan Gnat, JPG Investments Inc., and its affiliates), and unanimously recommends the Company's shareholders to vote for the arrangements.
On December 14, 2023, the Ontario High Court (Commercial List) (the "Court") granted a provisional order concerning convening and holding meetings, meetings and other specific matters relating to agreements. A copy of the provisional order is contained in the circular. 릴게임
The expected hearing date for the court's application for the final order ("final order") is January 24, 2024. The final order is expected to be completed in the first quarter of 2024, including certain approvals by the U.S. Gaming Authority and approvals under Investment Canada Act, subject to the acquisition of required approval from the Company's shareholders at the meeting and the fulfillment or waiver of other customary closing conditions contained in the agreement signed by Playmaker and Better Collective on November 6, 2023.
