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Monaker Group, Inc. (MKGI) has announced the pricing of an underwritten public offering of 3,230,000 shares at $2.50 each, aiming for gross proceeds of approximately $8.1 million. The offering, managed by Kingswood Capital Markets, is expected to close around May 18, 2021, with a possible additional 484,500 shares available to underwriters. Proceeds will be utilized to repay promissory notes, support the acquisition of International Financial Enterprise Bank, and for general corporate needs.
Monaker Group, Inc. (NASDAQ: MKGI) has announced an underwritten public offering of its common stock, which includes an option for underwriters to purchase an additional 15% of shares. The offering is executed under an effective registration statement with the SEC, and all shares are being offered by Monaker. Kingswood Capital Markets is the sole book-running manager. Proceeds from this offering will support the company's strategic goals, including the acquisition of HotPlay Enterprise, aimed at enhancing its digital advertising capabilities in the video gaming and travel sectors.
Monaker Group (NASDAQ: MKGI) will participate in the Sidoti Virtual Microcap Conference on May 19-20, 2021. CEO Bill Kerby and Director Richard Marshall will hold one-on-one investor meetings. The company is transitioning following a planned merger with HotPlay to become NextPlay Technologies (NASDAQ: NXTP), enhancing its technology platforms in AdTech, fintech, and gaming.
Monaker Group (NASDAQ: MKGI) has been invited to attend the H.C. Wainwright Cryptocurrency, Blockchain & Fintech Conference on April 27, 2021. CEO Bill Kerby, Director Richard Marshall, and CTO Mark Vange will discuss the Longroot digital token platform, which aims to integrate with the company’s business lines and facilitate digital asset securitization and third-party ICOs. Longroot is fully regulated under Thai law, focusing on cryptocurrencies for travel, gaming, and digital advertising. Interested parties can register for the conference or schedule one-on-one meetings through H.C. Wainwright.
Monaker Group, Inc. (NASDAQ: MKGI) has announced a virtual presentation at the LD Micro event on April 21, 2021, at 11:00 a.m. Eastern. CEO Bill Kerby, along with Richard Marshall and HotPlay's Mark Vange, will discuss the company's strategic growth initiatives, including its merger with HotPlay, which will lead to its transformation into NextPlay Technologies. This new identity will focus on advanced technology in gaming, travel, and fintech. The presentation will be available for live streaming and replay through Monaker's website.
On April 7, 2021, Monaker Group, Inc. (NASDAQ: MKGI) announced shareholders approved the share issuance for the acquisition of HotPlay Enterprise Limited. CEO Bill Kerby expressed enthusiasm for the merger, highlighting opportunities in digital marketing and gaming sectors. HotPlay specializes in innovative in-game advertising, enhancing brand engagement with gamers worldwide. The acquisition is pending NASDAQ approval and could lead to a name change to NextPlay Technologies. This strategic move aims to expand market presence and drive revenue growth.
Monaker Group (NASDAQ: MKGI) announced a significant acquisition of approximately 57.6% of International Financial Enterprise Bank, Inc. (IFEB) for $6.4 million. IFEB, based in Puerto Rico, offers services like mobile banking and merchant solutions. The deal, aimed at enhancing Monaker's fintech capabilities, is subject to regulatory approval from the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF), expected by June 2021. Monaker's CEO stated this acquisition could support expansion into cryptocurrency and diversify the company's portfolio.
Monaker Group, Inc. (NASDAQ: MKGI) announced the acquisition of Reinhart Interactive TV, a leading Interactive TV supplier, to enter the Digital TV space. This deal includes integrating HotPlay's advertising platform with Reinhart’s services, enhancing access to 50 million broadband and mobile customers. The acquisition aims to accelerate HotPlay's global expansion and create new revenue streams for telecom operators. Monaker plans to finalize the HotPlay acquisition by Q2 2021, with implications for increased ad revenue and user engagement through innovative gaming experiences.
Monaker Group, Inc. (NASDAQ: MKGI) has launched NextTrip Journeys, its new consumer travel division, featuring an online cruise portal at nexttripcruise.com. This initiative includes the transformation of Maupintour into NextTrip Journeys, reflecting the company’s shift towards offering cruises and luxury travel experiences. The introduction of Personal Journeys Consultants aims to deliver customized vacation packages. Monaker Group also plans to acquire HotPlay Enterprise Limited, indicating a strategic move towards becoming NextPlay Technologies, focusing on innovative consumer engagement products.
Monaker Group, Inc. (NASDAQ: MKGI) will participate in the 33rd Annual ROTH Growth Conference from March 15-17, 2021. The event will host presentations from various companies, including one-on-one meetings with investors and analysts. CEO Bill Kerby and other executives will discuss Monaker's transformation into a broad technology enterprise leveraging innovative in-game advertising and travel solutions, focusing on its acquisition of HotPlay and plans for NextPlay technologies.
