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WBM CAPITAL CORP - TIIDF STOCK NEWS

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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.

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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.

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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.

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Tiidal Gaming Group Corp. receives shareholder approval for key business items including board of directors election, auditor re-appointment, continuance, delisting, and new equity incentive plan.
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Tiidal Gaming Group Corp. announces a Debt Settlement with its Chief Executive Officer and a consultant, issuing 800,000 common shares at $0.05 per share to clear a $40,000 debt. The transaction falls under a related party transaction but is exempt from certain valuation and shareholder approval requirements. The issued securities will be under a hold period of four months and one day.
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Tiidal Gaming Group Corp. announces the conclusion of its strategic review process and plans to return capital to shareholders through a substantial issuer bid. The offer will be to purchase and cancel all issued and outstanding common shares at a cash consideration of C$0.1225 per share, representing a 27% premium over the company's average price. If all outstanding shares are tendered, shareholders will receive a total of C$10,731,478.73.
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Zachary Goldenberg acquires 73,500 Common Shares of Tiidal Gaming Group Corp. at an average price of $0.10 per share for a total of $7,350, increasing his ownership to approximately 12.46% of the issued and outstanding Common Shares. No immediate plans to dispose or acquire further shares.
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FAQ

What is the market cap of WBM CAPITAL (TIIDF)?

The market cap of WBM CAPITAL (TIIDF) is approximately 157.4K.

What is Tiidal Gaming Group Corp. focused on?

Tiidal Gaming Group Corp. is a media and technology platform enabling next-generation engagement in esports and gaming, operating at the intersection of gaming, media, and betting.

What recent decision did Tiidal's Board of Directors make?

Following the conclusion of a strategic review process, Tiidal's Board of Directors decided to return capital to shareholders through a substantial issuer bid.

What does the substantial issuer bid involve?

As part of the bid, Tiidal 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.

How is Tiidal positioned in the industry?

With deep industry roots and expertise, Tiidal is focused on leading the future of game-based entertainment, offering partners the opportunity to create immersive fan and consumer experiences.

Where can shareholders find more information about the company's plans?

Shareholders can refer to formal offer to purchase and issuer bid circular and other related documents (the "Offer Documents") to learn more about Tiidal's plans and strategic decisions.
WBM CAPITAL CORP

OTC:TIIDF

TIIDF Rankings

TIIDF Stock Data

157.37k
55.72M
55.34%
Electronic Gaming & Multimedia
Communication Services
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United States of America
Toronto