Engine Media Holdings Acquires Complexity Gaming

Engine Media Holdings (GAME) has shared an update.

Global Esports Properties, LLC acquired Complexity Gaming by purchasing all interests from GameSquare Esports (USA) for a total of $10.36 million, with $750,000 paid in cash and the rest through a promissory note. This note, bearing 3% annual interest, is secured by the buyer’s collateral and must be settled within three years. While the purchase agreement includes standard provisions and is contingent on TSXV approval, the deal’s completion remains at risk until all conditions are met.

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