Canaccord Genuity acts as Co-Bookrunner for Score Media and Gaming Inc. on its $25.0 Million Bought Deal
Canaccord Genuity is pleased to announce that on August 25, 2020 it closed a bought deal public offering of Class A Subordinated Voting Shares for the Score Media and Gaming Inc. (“theScore” or “the Company”). A total of 38,500,000 shares were issued at a price of $0.65 per share, for gross proceeds of $25,025,000 (the “Offering”).
The net proceeds from the Offering will be used to fund working capital and other general corporate purposes, including the continued growth and expansion of theScore Bet’s operations in the United States and Canada.
theScore is one of the most popular sports media apps in North America, with an integrated, cutting-edge sports betting platform and a rapidly growing eSports channel. The Company’s media app is one of the most used sports apps in North America, delivering fans highly personalized live scores, news, stats, and betting information on their favorite teams, leagues, and players. The Company’s sports betting app delivers an immersive and holistic mobile sports betting experience and is deeply integrated with theScore’s media app.
Canaccord Genuity acted as co-bookrunner and co-lead underwriter to the Offering.
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