The Engine Shelf Has Been Deemed Effective by the SEC
Engine to Begin Trading on the Nasdaq on June 17, 2021 Under the Ticker Symbol
"GAME"
TORONTO, June 15, 2021 /CNW/ -- Engine Media
Holdings, Inc. ("Engine" or the "Company"; TSX-V: GAME; OTCQB:
MLLLF), a company focused on developing premium consumer
experiences, as well as, technology and content solutions for
partners in the esports, news and gaming sectors, today announced
that a final short form base shelf prospectus (with the securities
regulators in each province of Canada, except for the Province of Québec)
previously filed on March 25, 2021
(the "Shelf Prospectus"), and a corresponding shelf registration
statement on Form F-10 (the "Registration Statement" and, together
with the Shelf Prospectus, the "Engine Shelf") has been deemed
effective by the U.S. Securities and Exchange Commission
("SEC").
The prospectus and registration statement allows the Company to
offer up to US$150 million of common
shares, preference shares, warrants, subscription receipts, debt
securities, units, or any combination thereof ("Securities") during
the 25-month period that the shelf prospectus is effective. The
specific terms of any offering of Securities, including the use of
proceeds from any offering, will be set forth in a shelf prospectus
supplement.
Engine also announced that trading on the Nasdaq Global Market
("Nasdaq") is expected to commence on June
17, 2021 under the ticker symbol "GAME." The Company will
also retain its listing on the TSX Venture exchange under the
symbol "GAME." Engine's approval for Nasdaq listing was previously
announced in a press release on June 7,
2021.
"We are immensely proud to announce these significant milestones
as we continue to grow and enhance Engine's profile within the U.S.
capital markets, while attracting new investors and reinforcing our
commitment to existing investors," said Lou
Schwartz, CEO of Engine Media. "Our U.S. shelf registration
statement is now effective as well, which was one the steps that we
have taken as part of our positioning to uplist on the Nasdaq."
Tom Rogers, Executive Chairman,
added, "We got GAME," referring to the company's new trading
symbol. "We are excited to become a publicly-traded company on the
Nasdaq, introduce Nasdaq investors to the Engine Media story and
solidify our position at the forefront of gaming technology,
content and data solutions. We are also grateful for the Engine
Shelf being deemed effective as we continue to offer unique
experiences and solutions in the esports, news and gaming
sectors."
Engine Media has filed the shelf prospectus and corresponding
registration statement in order to provide the Company with greater
financial flexibility going forward.
A copy of the final short form base shelf prospectus can be
found on SEDAR at www.sedar.com and a copy of the registration
statement can be found on EDGAR at www.sec.gov. A copy of the
prospectus and registration statement may also be obtained on
request without charge from the Secretary of the Company at its
head office at 33 Whitehall Street, 8th Floor, New York, NY 10004.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale, of
the Securities in any province, state, or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
qualification or registration of such Securities under the
securities laws of any such jurisdiction.
About Engine Media Holdings, Inc.
Engine Media
Holdings Inc. is traded publicly under the ticker symbol (TSX-V:
GAME) (OTCQB: MLLLF) and once uplisted on the Nasdaq under the
ticker symbol "GAME". The organization is focused on developing
premium consumer experiences and unparalleled technology and
content solutions for partners in the esports, news and gaming
industry. The company's subsidiaries include Stream Hatchet; the
global leader in gaming video distribution analytics; Eden Games , a premium video game developer and
publisher with numerous console and mobile gaming franchises;
WinView Games, an industry innovator in audience second screen
play-along gaming during live events; UMG, an end-to-end
competitive esports platform enabling the professional and amateur
esport community with tournaments, matches and award nominating
content; and Frankly Media, a digital publishing platform
empowering broadcasters to create, distribute and monetize content
across all channels. Engine Media generates revenue through a
combination of direct-to-consumer and subscription fees; streaming
technology and data SaaS-based offerings; programmatic advertising
and sponsorships. To date, the combined companies' clients have
included more than 1,200 television, print and radio brands, dozens
of gaming and technology companies, and have connectivity into
hundreds of millions of homes around the world through their
content, distribution and technology services.
Cautionary Statement on Forward-Looking
Information
This news release contains forward-looking
statements. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Engine to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Often, but
not always, forward-looking statements can be identified by the use
of words such as "plans", "expects" or "does not expect", "is
expected", "estimates", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved. In
respect of the forward-looking information contained herein, Engine
has provided such statements and information in reliance on certain
assumptions that management believed to be reasonable at the time,
including assumptions as to the performance of Engine's stock price
and business operations and its ability to raise financing.
Forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements stated herein to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. Accordingly, readers
should not place undue reliance on forward-looking information
contained in this news release.
The forward-looking statements contained in this news release
are made as of the date of this release and, accordingly, are
subject to change after such date. Engine does not assume any
obligation to update or revise any forward-looking statements,
whether written or oral, that may be made from time to time by us
or on our behalf, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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SOURCE Engine Media Holdings, Inc.