Early Warning Report Regarding Tekkorp Holdings LLC
Tekkorp Holdings has increased its stake in FansUnite Entertainment Inc. through a significant share purchase transaction. The Acquiror purchased 76,122,140 common shares at $0.0014 per share, with 15,961,302 shares being effectively transferred on March 14, 2025.
Prior to this transaction, Tekkorp held 75,978,838 common shares and 12,500,000 warrants, representing potential control of 23.78% of outstanding shares if all warrants were exercised. Post-transaction, Tekkorp now controls 91,940,140 common shares and maintains 12,500,000 warrants. If all warrants are exercised, Tekkorp would control 104,440,140 shares, representing 28.07% of outstanding shares.
The transaction was executed under the 'private agreement exemption' from formal take-over bid requirements, meeting specific criteria including purchases from fewer than 5 persons and consideration value within 115% of share value.
Tekkorp Holdings ha aumentato la sua partecipazione in FansUnite Entertainment Inc. attraverso una significativa transazione di acquisto di azioni. L'acquirente ha acquistato 76.122.140 azioni ordinarie a $0,0014 per azione, con 15.961.302 azioni trasferite effettivamente il 14 marzo 2025.
Prima di questa transazione, Tekkorp deteneva 75.978.838 azioni ordinarie e 12.500.000 warrant, rappresentando un potenziale controllo del 23,78% delle azioni in circolazione se tutti i warrant fossero esercitati. Dopo la transazione, Tekkorp controlla ora 91.940.140 azioni ordinarie e mantiene 12.500.000 warrant. Se tutti i warrant vengono esercitati, Tekkorp controllerebbe 104.440.140 azioni, rappresentando il 28,07% delle azioni in circolazione.
La transazione è stata eseguita sotto l'esenzione per 'accordo privato' dai requisiti di offerta pubblica di acquisto formale, soddisfacendo criteri specifici tra cui acquisti da meno di 5 persone e valore di considerazione entro il 115% del valore delle azioni.
Tekkorp Holdings ha aumentado su participación en FansUnite Entertainment Inc. a través de una significativa transacción de compra de acciones. El adquirente compró 76.122.140 acciones ordinarias a $0,0014 por acción, con 15.961.302 acciones que se transfirieron efectivamente el 14 de marzo de 2025.
Antes de esta transacción, Tekkorp poseía 75.978.838 acciones ordinarias y 12.500.000 warrants, representando un control potencial del 23,78% de las acciones en circulación si se ejercieran todos los warrants. Después de la transacción, Tekkorp ahora controla 91.940.140 acciones ordinarias y mantiene 12.500.000 warrants. Si se ejercen todos los warrants, Tekkorp controlaría 104.440.140 acciones, representando el 28,07% de las acciones en circulación.
La transacción se llevó a cabo bajo la 'exención de acuerdo privado' de los requisitos formales de oferta pública de adquisición, cumpliendo criterios específicos que incluyen compras de menos de 5 personas y un valor de consideración dentro del 115% del valor de las acciones.
Tekkorp Holdings는 FansUnite Entertainment Inc.의 지분을 상당한 주식 구매 거래를 통해 늘렸습니다. 인수자는 주당 $0.0014에 76,122,140주를 구매했으며, 15,961,302주는 2025년 3월 14일에 실제로 이전되었습니다.
이 거래 이전에 Tekkorp는 75,978,838주의 보통주와 12,500,000개의 워런트를 보유하고 있었으며, 모든 워런트가 행사될 경우 유통 주식의 23.78%를 잠재적으로 통제할 수 있었습니다. 거래 후 Tekkorp는 현재 91,940,140주의 보통주를 통제하고 12,500,000개의 워런트를 유지하고 있습니다. 모든 워런트가 행사되면 Tekkorp는 104,440,140주를 통제하게 되며, 이는 유통 주식의 28.07%를 나타냅니다.
이 거래는 공식 인수 제안 요건에서 '사적 계약 면제'에 따라 실행되었으며, 5명 미만의 사람으로부터의 구매와 주식 가치의 115% 이내의 고려 가치 등 특정 기준을 충족했습니다.
Tekkorp Holdings a augmenté sa participation dans FansUnite Entertainment Inc. par le biais d'une transaction d'achat d'actions significative. L'acquéreur a acheté 76.122.140 actions ordinaires à 0,0014 $ par action, avec 15.961.302 actions transférées effectivement le 14 mars 2025.
Avant cette transaction, Tekkorp détenait 75.978.838 actions ordinaires et 12.500.000 bons de souscription, représentant un contrôle potentiel de 23,78 % des actions en circulation si tous les bons étaient exercés. Après la transaction, Tekkorp contrôle désormais 91.940.140 actions ordinaires et conserve 12.500.000 bons de souscription. Si tous les bons sont exercés, Tekkorp contrôlerait 104.440.140 actions, représentant 28,07 % des actions en circulation.
La transaction a été réalisée sous l' 'exemption d'accord privé' des exigences formelles d'offre publique d'achat, répondant à des critères spécifiques, y compris des achats de moins de 5 personnes et une valeur de considération dans les 115 % de la valeur des actions.
Tekkorp Holdings hat seinen Anteil an FansUnite Entertainment Inc. durch eine bedeutende Aktienkauftransaktion erhöht. Der Erwerber kaufte 76.122.140 Stammaktien zu einem Preis von 0,0014 $ pro Aktie, wobei 15.961.302 Aktien am 14. März 2025 tatsächlich übertragen wurden.
Vor dieser Transaktion hielt Tekkorp 75.978.838 Stammaktien und 12.500.000 Warrants, was eine potenzielle Kontrolle von 23,78 % der ausstehenden Aktien darstellt, wenn alle Warrants ausgeübt werden. Nach der Transaktion kontrolliert Tekkorp nun 91.940.140 Stammaktien und behält 12.500.000 Warrants. Wenn alle Warrants ausgeübt werden, würde Tekkorp 104.440.140 Aktien kontrollieren, was 28,07 % der ausstehenden Aktien entspricht.
Die Transaktion wurde unter der 'Privatverträge-Ausnahme' von den formalen Übernahmeangebot-Anforderungen durchgeführt und erfüllte spezifische Kriterien, darunter Käufe von weniger als 5 Personen und einen Überlegungswert innerhalb von 115 % des Aktienwerts.
- Strategic investor Tekkorp Holdings significantly increased ownership stake to 28.07% (if warrants exercised)
- Transaction completed at $0.0014 per share indicates investor confidence
- Share price of $0.0014 indicates extremely low valuation
- No active trading market for shares mentioned in filing
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - This news release is being disseminated as required by National Instrument 62‐103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of the Early Warning Report regarding the acquisition of securities of FansUnite Entertainment Inc. (the "Company") by Tekkorp Holdings LLC ( the "Acquiror").
Pursuant to share purchase agreements between the Company, the Acquiror, and certain shareholders of the Company (the "Vendors") dated August 31, 2024 and September 16, 2024, the Acquiror purchased in the aggregate 76,122,140 common shares of the Company (the "Common Shares") at a price of
Prior to the Share Purchase, the Acquiror held 75,978,838 Common Shares and 12,500,000 common share purchase warrants (the "Warrants"). Assuming the exercise of all of the Warrants owned or controlled by the Acquiror prior to their expiry, it would own, control or have direction over, directly or indirectly, 88,478,838 Common Shares representing 23.78% of the issued and outstanding Common Shares.
Upon completion of the Share Purchase, the Acquiror holds control or direction over a total of 91,940,140 Common Shares, 12,500,000 Warrants. Assuming the exercise of all of the Warrants owned or controlled by the Acquiror prior to their expiry, it would own, control or have direction over, directly or indirectly, 104,440,140 Common Shares representing 28.07% of the issued and outstanding Common Shares
The 15,961,302 Purchased Shares were obtained by the Acquiror for investment purposes. In the future, the Acquiror may directly or indirectly, acquire additional Common Shares or dispose of such Common Shares subject to a number of factors, including, without limitation, general market and economic conditions and other investment and business opportunities available.
The Acquiror is relying on the "private agreement exemption" from the formal take-over bid requirements, as set out in section 4.2 of National Instrument 62-104 Take-Over Bids and Issuer Bids ("NI 62-104"). The parties are entitled to rely on this exemption as: (a) purchases are being made from not more than 5 persons in the aggregate; (b) the bid is not being made generally to securityholders of the Common Shares; and (c) there is no published market for the Common Shares, and there is a reasonable basis for determining that the value of the consideration paid for any of the Common Shares is not greater than
A copy of the Early Warning Report to be filed by the Acquiror will be available on SEDAR+ under the Company's profile on www.sedarplus.ca.
For more information, or to obtain a copy of the Early Warning Report, please contact:
Denis Silva, Counsel
Telephone: 604.313.0343
Email: denis.silva@dlapiper.com
This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245145
FAQ
What is the total stake Tekkorp Holdings could control in FansUnite (FUNFF) after the recent share purchase?
How many shares did Tekkorp Holdings purchase in FansUnite (FUNFF) and at what price?
What exemption did Tekkorp use for the FansUnite (FUNFF) share purchase?
How many warrants does Tekkorp Holdings currently hold in FansUnite (FUNFF)?
