X1 Esports and Entertainment Ltd.
$3,111,669.00
6,914,820.00 Units at $0.45
Initial Public Offering - Closed - Wednesday, June 29, 2022
Company Description
X1 Esports and Entertainment Ltd. is an esports portfolio company which owns and operates a growing esports franchise, RixGG. The business of the Company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments
| Address: |
615-800 West Pender Street Vancouver, British Columbia, V6C 2V6 Canada |
|---|---|
| Phone Number: | 604 802-8492 |
| Fax Number: | |
| Website: |
| Industry: | Movies & Entertainment |
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| Closing Date: | Wednesday, June 29, 2022 |
| 1st Day of Trading: | Thursday, June 30, 2022 |
| Primary Symbol: | XONE |
| Exchange: |
Proceeds
The net proceeds of the offering will be used to pay for sales & marketing, content development, player/team acquisition, general and administrative expenses, unallocated working capital to fund ongoing operations and for reviewing business opportunitie.
| Gross Proceeds: | $3,111,669.00 |
|---|---|
| Underwrting Fees: | $280,000.01 |
| Expense Offering: | $35,000.00 |
| Net Proceeds: | $2,796,668.99 |
| Lead Underwriter: | Research Capital Corporation |
|---|---|
| Other Underwriter(s): |
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