- Tiidal Gaming (TIDL) is proposing a change of the company’s name to “Sportsflare Ltd.”
- Following a review, the board had determined that it is in the best of interests of the company to focus its efforts and resources exclusively on its Sportsflare technology division and divest its competitive esports team assets
- The company announced a non-brokered private placement at an issue price of $0.10 per unit for gross proceeds of up to $500,000
- Sportsflare has developed several esports betting solutions and has signed notable agreements with leading iGaming & esportsbook providers
- Tiidal Gaming Group Corp. (TIDL) remains steady, trading at C$0.009 per share as of 9:50 am ET
Tiidal Gaming (TIDL) is proposing a change of the company’s name to “Sportsflare Ltd.”
Following a review, the board had determined that it is in the best of interests of the company to focus its efforts and resources exclusively on its Sportsflare technology division and divest its competitive esports team assets.
Tiidal Gaming’s CEO Tom Hearne explained that that the team has decided to put its undivided attention behind Sportsflare, given the opportunity at hand.
“As we continue to scale, our focus will be to not only grow our technology portfolio but also, expand the distribution of our solutions to a wider audience globally in order to strengthen our footprint in the fast-growing esports industry.”
Sportsflare has developed several esports betting solutions, which include the industry’s first-of-its-kind Flash Markets, Player Proposition Markets for Dota 2 and Betbuilder. To date, Sportsflare has signed notable agreements with leading iGaming & esportsbook providers such as EveryMatrix Group, Vivid Seats Inc., Skrmiish Limited and Bayes Esports Solutions GmbH.
The company expects to ask shareholders to consider and approve the name change at its next annual general and special meeting to be held in Q4 2022.
The company also announced a non-brokered private placement at an issue price of $0.10 per unit for gross proceeds of up to $500,000. It will use the proceeds for Sportsflare operations in sales, trading and development, as well as general corporate and working capital purposes.
Tiidal Gaming is a leading media and technology platform enabling next-generation engagement in esports and gaming. It focuses on owning and operating synergistic businesses in the gaming ecosystem, including its wholly-owned subsidiaries, Sportsflare and Lazarus Esports.
Tiidal Gaming Group Corp. (TIDL) remains steady, trading at C$0.009 per share as of 9:50 am ET.