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Boat Rocker Media ( (TSE:BRMI) ) has provided an update.
Boat Rocker Media Inc. has entered into definitive agreements for a reverse takeover by Blue Ant Media, alongside a management buyout of Boat Rocker’s studio business. This transaction will result in a new entity, Blue Ant Media Corporation, which will have diversified revenue streams and ownership of the full content value chain. The deal offers a substantial premium to Boat Rocker’s current share price and is expected to enhance strategic flexibility. The resulting issuer will be led by an experienced management team, and Boat Rocker Studios will continue as a private company under its current leadership. The transaction will see Blue Ant’s shareholders owning a majority stake in the new entity, with Michael MacMillan maintaining voting control to ensure Canadian ownership compliance.
More about Boat Rocker Media
Boat Rocker Media Inc. operates in the media industry, focusing on television production, distribution, brand and franchise management, and content investment. The company is known for its scripted, unscripted, and kids & family television content and has a significant presence in the global media market.
YTD Price Performance: 37.93%
Average Trading Volume: 31,906
Technical Sentiment Signal: Hold
Current Market Cap: C$45.46M
For an in-depth examination of BRMI stock, go to TipRanks’ Stock Analysis page.