Score Media and Gaming Co., Ltd. Open call for participants theScoreClass A subordinated voting shares in the United States and Canada.
The move represents an initial public offering of the score in the United States, and the net proceeds from the offer are expected to be used for working capital and other general corporate financing.
This is done in the United States and Canada by supporting the deployment and operation of Score Bet in multiple jurisdictions and the acquisition and retention of users in the jurisdictions where theScore operates or will operate. Includes continued growth and expansion of theScoreBet’s operations.
In connection with the initial public offering of Class A shares in the United States, the company has submitted an application to list Class A shares on the Nasdaq Global Select Market (“Nasdaq”) under the “SCR” symbol.
Trading of Class A shares will begin on the Nasdaq following the pricing of the offering. Class A shares will continue to be traded on the Toronto Stock Exchange (“TSX”) under the “SCR” symbol.
In a statement, Score Media and Gaming said: “This offering will bring a total of 5,000,000 Class A shares for sale, as Morgan Stanley, Credit Suisse, Canaccord Genuity, and Macquarie Capital, Co-Management Manager.
“Offerings are priced in the context of the market, including the price per share, which is determined when the underwriting agreement is signed with the underwriter.”
The company added that it will grant underwriters an over-allotment option to purchase up to 15% of the total number of Class A shares that can be exercised for 30 days from the end of the offer. Sold according to the offering.
This offering is subject to the conclusion of a satisfactory underwriting agreement with the underwriter, including the usual underwriting conditions, including the listing of Class A shares on NASDAQ and TSX.
Score media and gaming confirm US IPO launch
Source link Score media and gaming confirm US IPO launch