Boat Rocker and Blue Ant Finalize Reverse Take-Over and Asset Sales

An announcement from Boat Rocker Media ( (TSE:BRMI) ) is now available.

Boat Rocker Media Inc. and Blue Ant Media Inc. have announced the receipt of a final court order for Blue Ant’s reverse take-over of Boat Rocker, leading to Blue Ant going public. This transaction involves Boat Rocker selling its studios to a privately owned company and its minority investment in a U.S. talent management business to Fairfax Financial Holdings. With all necessary approvals secured, the transactions are expected to close in July 2025, marking a significant shift in Boat Rocker’s business operations and market positioning.

The most recent analyst rating on (TSE:BRMI) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Boat Rocker Media stock, see the TSE:BRMI Stock Forecast page.

Spark’s Take on TSE:BRMI Stock

According to Spark, TipRanks’ AI Analyst, TSE:BRMI is a Neutral.

Boat Rocker Media’s overall stock score reflects a mix of financial challenges and potential strategic opportunities. The company’s persistent financial struggles are balanced by promising corporate actions such as the reverse takeover by Blue Ant Media, which could enhance long-term growth. Technical indicators suggest a neutral market sentiment, while valuation remains a concern due to negative earnings.

To see Spark’s full report on TSE:BRMI stock, click here.

More about Boat Rocker Media

Boat Rocker Media Inc. is an independent, integrated global entertainment company known for its diverse storytelling and brand-building across various genres and mediums. It operates in television production, distribution, brand and franchise management, animation, and talent management. Blue Ant Media Inc. is an international production studio and rights business, operating streaming and pay TV channels under various media brands worldwide.

Average Trading Volume: 63,937

Technical Sentiment Signal: Buy

Current Market Cap: C$51.19M

For detailed information about BRMI stock, go to TipRanks’ Stock Analysis page.