VANCOUVER, BC: Pioneer Media Holdings has completed the acquisition of Roundhouse Media Pte Ltd, a media studio based in Singapore, developing and publishing popular NFT (or non-fungible token) games.
Roundhouse’s current focus is “Stonks: Tycoon,” which will be a “play to earn” NFT game, where users can generate an income stream through playing and are rewarded with tokens or NFT’s, often earning more the longer they play.
Mike Edwards, CEO of Pioneer commented, “We are thrilled to welcome the Roundhouse team to Pioneer as we continue to invest in leading NFT and tokenized communities. Following the successful acquisition of Kodoku, a NFT game studio based in London, Roundhouse helps us scale our NFT gaming vertical even further, which aligns with our strategy of building a complete Web3 ecosystem. We have a robust pipeline of strategic M&A opportunities and are focused on going fast and hard into the new powerful frontiers of Web3.”
In consideration of all of the securities of Roundhouse Media, the Company will issue 5,000,000 common shares to the Roundhouse shareholders, which share consideration will be subject to a four month hold period and may be subject to other resale restrictions or escrow requirements under CSE policies. Application will be made for the 5,000,000 common shares to be admitted to trading on Aquis Stock Exchange, with such admission expected to occur at 8:00AM London time on or around December 24, 2021.
Following closing, the Company’s issued share capital will comprise 70,040,365 common shares without par value, with each share entitled to one vote.
Roundhouse and its shareholders are not “related parties” (as such term is defined under CSE policies) of the Company.
Pioneer is an investment issuer that actively invests in and acquires a diversified portfolio of early-stage to mid-level companies in web3 including NFTs, NFT gaming and Tokenized Communities together with investments in esports and mobile gaming. Pioneer’s management team leverages its global network to provide investors with access to investments not normally available to the average retail investor.
The current Pioneer portfolio includes investments such as: Leaf Mobile Inc. (TSX: LEAF), a leading free-to-play mobile games group; Guild eSports plc (LON: GILD), a global eSports business headquartered in London whose lead investor is David Beckham; Dynasty eSports Pte Ltd, creators of the world’s leading white-label Gaming Ecosystem Management solution, partnering exclusively on a B2B basis with Tier 1 telco’s and large media organisations; NFT Investments plc, a London based investment company focused on non-fungible tokens (“NFTs”), and Kodoku Studios, a NFT-game publisher/developer of titles such as The Pit.
Pioneer will continue its focus on web3 investments, including investments in businesses in the NFT, NFT gaming and tokenized community sectors.