STOCK TITAN

FansUnite to Complete TSX Delisting

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) has announced the delisting of its common shares from the Toronto Stock Exchange (TSX), effective at the close of market on August 21, 2024. The company will also apply to withdraw its common shares from the OTCQB shortly after the TSX delisting. FansUnite has set August 26, 2024 as the record date for shareholders to be eligible for the previously announced return of capital (Distribution). To participate in the Distribution, shareholders must complete trades on the TSX by the close of market on August 21, 2024.

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ha annunciato il delisting delle proprie azioni ordinarie dalla Borsa di Toronto (TSX), che diventerà effettivo alla chiusura del mercato il 21 agosto 2024. La società applicherà anche per ritirare le sue azioni ordinarie dall'OTCQB poco dopo il delisting dalla TSX. FansUnite ha fissato il 26 agosto 2024 come la data di registrazione per gli azionisti che desiderano essere idonei per il rimborso di capitale (Distribuzione) precedentemente annunciato. Per partecipare alla Distribuzione, gli azionisti devono completare le transazioni sulla TSX entro la chiusura del mercato del 21 agosto 2024.

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ha anunciado el desliste de sus acciones comunes de la Bolsa de Valores de Toronto (TSX), que será efectivo al cierre del mercado el 21 de agosto de 2024. La empresa también solicitara retirar sus acciones comunes del OTCQB poco después del desliste de la TSX. FansUnite ha establecido el 26 de agosto de 2024 como la fecha de registro para los accionistas que deseen ser elegibles para el retorno de capital (Distribución) anunciado anteriormente. Para participar en la Distribución, los accionistas deben completar transacciones en la TSX antes del cierre del mercado del 21 de agosto de 2024.

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF)는 토론토 증권 거래소(TSX)에서 자사의 일반 주식 상장 폐지를 발표했으며, 이는 2024년 8월 21일 시장 종료 시 발효됩니다. 회사는 또한 TSX 상장 폐지 직후 OTCQB에서 일반 주식을 철회하기 위한 신청을 할 것입니다. FansUnite는 주주들이 이전에 발표된 자본 반환 (배당)에 대해 자격을 갖추기 위해 2024년 8월 21일 시장 종료 전 TSX에서 거래를 완료해야 한다고 밝혔습니다. 주주로서 배당에 참여하려면 반드시 이 기한 내에 거래를 완료해야 합니다.

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) a annoncé le retrait de ses actions ordinaires de la Bourse de Toronto (TSX), en vigueur à la clôture du marché le 21 août 2024. La société demandera également le retrait de ses actions ordinaires de l'OTCQB peu après le retrait de la TSX. FansUnite a fixé le 26 août 2024 comme date d'enregistrement pour les actionnaires souhaitant être éligibles au remboursement de capital (Distribution) précédemment annoncé. Pour participer à la Distribution, les actionnaires doivent effectuer des transactions sur la TSX avant la clôture du marché le 21 août 2024.

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) hat die Delistung seiner Stammaktien von der Toronto Stock Exchange (TSX) angekündigt, die zum Marktschluss am 21. August 2024 in Kraft tritt. Das Unternehmen wird auch beantragen, seine Stammaktien kurz nach der Delistung von der TSX vom OTCQB zurückzuziehen. FansUnite hat den 26. August 2024 als Stichtag für die Aktionäre festgelegt, um für die zuvor angekündigte Kapitalrückgabe (Verteilung) berechtigt zu sein. Um an der Verteilung teilzunehmen, müssen Aktionäre ihre Geschäfte an der TSX bis zum Marktschluss am 21. August 2024 abschließen.

Positive
  • Return of capital to shareholders through a Distribution
Negative
  • Delisting from Toronto Stock Exchange (TSX)
  • Planned withdrawal of common shares from OTCQB
  • Potential loss of liquidity and market access for shareholders

Vancouver, British Columbia--(Newsfile Corp. - August 21, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") announces that, further to its news releases dated August ‎15‎, 2024, its common shares will be delisted from the Toronto Stock Exchange ("TSX"), effective as of the close of market August 21, 2024. The Company will apply to withdraw the quotation of its common shares from the OTCQB as soon as possible after the delisting.

The record date to determine shareholders entitled to receive the previously announced return of capital on the Company's common shares (the "Distribution") will be August 26, 2024. To participate in the Distribution, shareholders must complete trades on the TSX by the close of market today.

For further information, please contact:

FansUnite Entertainment Inc.
ir@fansunite.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220658

FAQ

When will FansUnite Entertainment Inc. (FUNFF) be delisted from the Toronto Stock Exchange?

FansUnite Entertainment Inc. (FUNFF) will be delisted from the Toronto Stock Exchange (TSX) effective as of the close of market on August 21, 2024.

What is the record date for FansUnite Entertainment Inc. (FUNFF) shareholders to receive the return of capital?

The record date for FansUnite Entertainment Inc. (FUNFF) shareholders to receive the return of capital (Distribution) is August 26, 2024.

What action must FansUnite Entertainment Inc. (FUNFF) shareholders take to participate in the Distribution?

To participate in the Distribution, FansUnite Entertainment Inc. (FUNFF) shareholders must complete trades on the TSX by the close of market on August 21, 2024.

Will FansUnite Entertainment Inc. (FUNFF) continue trading on the OTCQB after delisting from TSX?

No, FansUnite Entertainment Inc. (FUNFF) will apply to withdraw the quotation of its common shares from the OTCQB as soon as possible after the TSX delisting.

FANSUNITE ENTERTAINMENT

OTC:FUNFF

FUNFF Rankings

FUNFF Latest News

FUNFF Stock Data

18.70M
333.52M
5.93%
Gambling
Consumer Cyclical
Link
United States of America
Vancouver