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Tiidal Gaming Group Corp. (CSE: TIDL) is a media and technology platform focused on enabling next-generation engagement in esports and gaming. The company operates at the intersection of gaming, media, and betting, offering partners the opportunity to create immersive fan and consumer experiences. With a strategic review process recently concluded, Tiidal's Board of Directors has decided to return capital to shareholders through a substantial issuer bid. The company plans to offer to purchase all of its issued and outstanding common shares for cash consideration, providing an approximately 27% premium over the recent trading price to shareholders. Tiidal's deep industry roots and expertise position it to lead the future of game-based entertainment.
Tiidal Gaming Group has confirmed the delisting of its common shares from the Canadian Securities Exchange (CSE), effective at the close of business on June 7, 2024. This announcement follows a prior press release on June 5, 2024, and the CSE's bulletin issued on June 6, 2024.
On June 5, 2024, Tiidal Gaming Group Corp. announced its plan to voluntarily delist from the Canadian Securities Exchange (CSE) and complete its continuance to British Columbia under the Business Corporations Act (British Columbia). All conditions for the delisting have been met, and the CSE will soon issue a formal delisting date. The continuance and the adoption of new articles were approved by shareholders during the Annual General and Special Meeting held on April 5, 2024. The official documents will be available on SEDAR+ and the CSE's website.