TORONTO, CANADA: Wondr Gaming Corp. (CNSX: WDR) has entered into a binding agreement to acquire Hot Dot Media Inc. (HDM) in exchange for 8.0 million common shares of Wondr Gaming to be issued to the shareholders of HDM at a deemed price of $0.25 per share.
Hot Dot Media Inc. (HDM) is a social media agency focused exclusively on emerging platforms with media reach through a diverse network of creators totaling 100 million+ followers across TikTok, Instagram, Facebook, and YouTube.
The parties expect the acquisition to close on or around June 1, 2021. All common shares issued in connection with the acquisition of HDM are subject to a four-month and one day resale restriction and an 18-month voluntary escrow agreement between the selling shareholders of HDM and Wondr Gaming.
“Wondr Gaming is relentlessly focused on growing our media business, and the acquisition of Hot Dot Media uniquely positions us to bridge the gap between global brands and the esports and conventional sports communities. Having media reach through 100,000,000+ followers allows for endless opportunities in both the gaming and rewards ecosystem, as well as our NFT Platform. We believe that contextual content is the future, and gaining access to HDM’s expertise and network is the first step in helping us monetize this growing vertical,” commented Jon Dwyer, Chairman & CEO of Wondr Gaming.
Founded in 2019, Hot Dot Media Inc. (HDM) offers an end-to-end solution for influencer marketing by sourcing talent, handling logistics, and running paid advertisements. HDM has developed a cutting- edge internal process for matching brands with creators. The process has enabled HDMto conduct campaigns for leading firms in apparel, esports, DTC, consumables, oral care, and SaaS.
Wondr Gaming Corp, a publicly traded company on the Canadian Securities Exchange that builds partnerships and fosters community within the gaming and esports industries by creating and acquiring new assets. Its business model unites brands and the global gaming community through loyalty & rewards, augmented reality, influencer advocacy, and tournament platform silos.
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25 May, 1:47 pm GMT-4 · Disclaimer
CNSX: WDR
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