Playmaker Capital Inc. - PMKRF STOCK NEWS

Playmaker Capital Inc. (TSXV: PMKR; OTC: PMKRF) has launched a new sports betting newsletter, Bark Bets, through its subsidiary, Yardbarker Media. This email newsletter, released five times a week, aims to provide in-depth analysis and actionable insights on major sporting events to assist sports bettors. It features three content sections: a lead story on the top game, a Quick Picks segment for promising betting options, and a Betting News section aggregating popular betting content. The initiative aims to enhance user engagement and integrate offers from sportsbooks.

Playmaker Capital, a digital sports media company, reports that its CEO, Jordan Gnat, has purchased 427,500 common shares in the secondary market since March 28, 2022. Overall, insiders have bought 876,500 shares during the same period, totaling 1,740,800 shares purchased since trading began on June 3, 2021. This indicates a strong insider confidence in the company's future.

Playmaker Capital Inc. (TSX-V: PMKR) announced the grant of 400,000 stock options to one of its directors, vesting 25% after one year and the remainder monthly, with an exercise price of C$0.58. Additionally, the company has settled part of the earn-out for its Futbol Sites acquisition with a total payment of US$6,250,000, which included US$4,559,812 in cash and 3,765,950 common shares at a price of C$0.5719. This transaction reflects Playmaker's strategy to build a strong portfolio of sports media brands and enhance shareholder value.

Playmaker Capital reported a strong Q1 2022, achieving pro forma revenue of $5.8 million, a 37% increase year-over-year. Trailing twelve-month pro forma revenue reached $25.4 million, up 78%. Adjusted EBITDA for Q1 was $1.7 million, increasing 16%, with a trailing twelve-month total of $9.5 million—up 80%. The company reported 88 million monthly users and completed acquisitions of Futmarketing and The Sports Drop, enhancing its media presence. Cash reserves stood at $5.1 million, with a $15 million credit facility secured to support growth strategies.

Playmaker Capital Inc. announced the results of its annual shareholder meeting held on May 5, 2022. All seven nominees, including Jordan Gnat and John Albright, were elected as directors with over 99% approval. Additionally, a new Omnibus Equity Incentive Plan was approved with 99.88% of votes, and MNP LLP was ratified as auditors for the 2022 fiscal year, also receiving 100% approval. The detailed voting results are available on SEDAR.

Playmaker Capital Inc. (TSX-V: PMKR; OTC: PMKRF) has acquired The Sports Drop, a U.S. sports media company focusing on NFL, NBA, MLB, and collegiate sports. This acquisition aims to enhance Playmaker's reach among U.S. sports fans, contributing over 3 million monthly users and 30 million page views. CEO Jordan Gnat emphasized the strategic fit and potential for revenue synergies. The Sports Drop’s founder, Mike Bellom, will join Playmaker’s leadership as Head of Paid Media, focusing on revenue growth and content quality.

Playmaker Capital Inc. (TSX-V: PMKR; OTC: PMKRF) will announce its Q1 2022 financial results after market close on May 16, 2022, followed by a conference call on May 17 at 10:00 AM ET. Investors can find the financial details on Playmaker's SEDAR profile. Dial-in numbers for the conference call are provided for both toll-free and international participants. Playmaker is a digital sports media company focused on the sports, betting, media, and technology sectors, aiming to connect brands with engaged sports fans.

Playmaker Capital Inc. (TSX-V: PMKR) has filed a final short form base shelf prospectus in Canada, allowing it to issue up to CAD$75 million in various securities over a 25-month period. The company plans to use the proceeds for growth strategies, including acquisitions and enhancing existing brands. However, there is no guarantee any securities will be sold during this time. This announcement does not constitute an offering in the United States or any unlawful jurisdiction.

Playmaker Capital Inc. (TSXV: PMKR) announced the appointments of Sara Slane and Mark Harrison to its Board of Directors. Slane, founder of Slane Advisory and former Senior VP of the American Gaming Association, brings extensive knowledge of the North American gaming industry. Harrison, founder of T1 Agency, adds over 30 years of sponsorship and marketing expertise. These additions aim to strengthen Playmaker's capabilities in sports betting partnerships and digital media strategy. Both appointees received 400,000 options at C$0.58 per share, vesting over four years.