NEW YORK, NY / ACCESSWIRE / October 1, 2021 / Engine Media Holdings, Inc. (“Engine” or the “Firm”)(NASDAQ:GAME)(TSXV:GAME), an esports/sports activities gaming and next-generation media options firm, is offering an replace to the Firm’s press launch of November 20, 2020, with regard to the arbitration in Ontario commenced by the shareholders of Allinsports in search of, amongst different issues, a ruling that the Firm’s pending acquisition of Allinsports, a producer of motorsports racing simulators, had been accomplished and that the promoting shareholders had been entitled to obtain the excellent fee of 966,667 Firm widespread shares due beneath the acquisition settlement. The arbitrator has decided that the transaction was accomplished and that the Allinsports shareholders are entitled to obtain the excellent share consideration beneath the acquisition settlement.
The Firm is reviewing the choice to find out its choices, together with different reduction and cures it might pursue. The Firm will present additional updates as they change into accessible.
About Engine Media Holdings, Inc.
Engine Media Holdings Inc. is traded publicly beneath the ticker image (NASDAQ:GAME)(TSXV:GAME). Engine offers premium social sports activities and esports gaming experiences, in addition to unparalleled knowledge analytics, advertising and marketing, promoting, and mental property to assist its owned and operated direct-to-consumer properties whereas additionally offering these providers to allow its shoppers and companions. The corporate’s subsidiaries embrace Stream Hatchet, the worldwide chief in gaming video distribution analytics; Sideqik, a social influencer advertising and marketing discovery, analytics, and activation platform; Eden Video games, a premium motorsport online game developer and writer throughout console and cellular gaming; WinView Video games, a social predictive play-along gaming platform for viewers to play whereas watching stay occasions; UMG, an end-to-end aggressive esports platform powering and broadcasting main esports occasions, in addition to every day group tournaments, matches, and ladders; and Frankly Media, a digital publishing platform used to create, distribute and monetize content material throughout all digital channels. Engine Media generates income via a mixture of direct-to-consumer and subscription charges, streaming expertise and knowledge SaaS-based choices, programmatic promoting, and sponsorships.
Cautionary Assertion on Ahead-Trying Data
This information launch comprises forward-looking statements. Ahead-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of Engine to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Typically, however not all the time, forward-looking statements will be recognized by means of phrases comparable to “plans”, “expects” or “doesn’t anticipate”, “is anticipated”, “estimates”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved. In respect of the forward-looking data contained herein, together with any additional actions taken by the Firm with regard to the Allinsports arbitration and the potential outcomes and advantages to be derived therefrom, Engine has supplied such statements and knowledge in reliance on sure assumptions that administration believed to be affordable on the time. Ahead-looking data entails identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements said herein to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. Precise outcomes might differ materially from these presently anticipated attributable to various components and dangers. Accordingly, readers mustn’t place undue reliance on forward-looking data contained on this information launch.
The forward-looking statements contained on this information launch are made as of the date of this launch and, accordingly, are topic to alter after such date. Engine doesn’t assume any obligation to replace or revise any forward-looking statements, whether or not written or oral, which may be made once in a while by us or on our behalf, besides as required by relevant legislation.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
For Additional Data:
Ryan Lawrence, ICR
James Goldfarb, Sloane & Firm
SOURCE: Engine Media Holdings, Inc.
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