Playmaker Withdraws from OTCQX Marketplace Following Acquisition

Playmaker, a prominent player in the digital sports media landscape, has decided to pull its shares from the OTCQX Marketplace, effective January 2, 2024. The move follows Playmaker's acquisition by Better Collective, a deal valued at €176 million ($194 million), which was publicly announced on November 6.

Jordan Gnat, Playmaker's Director and CEO, expressed optimism about the acquisition, stating, "Over the past 12 months, I have been talking a lot about a transformational deal for Playmaker and its shareholders that will take this company to the next level. Their success is undeniable, and their vision to become the leading digital sports media group aligns with us exactly. The cultures of our companies are very similar, and I see the integration and synergies to be incredibly accretive to shareholders."

Playmaker's decision to withdraw its shares is primarily attributed to the associated fees of remaining on the OTCQX until the acquisition's closure. The OTCQX is an American marketplace owned and operated by the OTC Markets Group. Playmaker has noted that it expects its common shares to continue trading on the Pink Tier of the OTC Markets Group, although no guarantees can be made. Additionally, other common shares will still be traded on the TSX Venture Exchange under the ticker 'PMKR.'

Jesper Søgaard, Better Collective's Co-Founder and CEO, commented on the acquisition, stating, "Upon closing of the acquisition, we will be able to significantly grow our audience and reach a larger segment of generalist sports fans. For years, Playmaker has built incredibly strong sports media brands and excited sports fans across the Americas with high-quality sports content, cultivating a loyal and dedicated following."