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Streamplay Studio Clears On-Sale of 38.8 Million New Shares Under Disclosure Exemption

Story Highlights
  • Streamplay Studio has issued 38.8 million new shares, including fees paid in stock.
  • The company confirms the new shares qualify for on-sale under a disclosure exemption and affirms compliance with reporting rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Streamplay Studio Clears On-Sale of 38.8 Million New Shares Under Disclosure Exemption

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An update from Emerge Gaming Limited ( (AU:SP8) ) is now available.

Streamplay Studio Limited has issued 35 million fully paid ordinary shares approved by shareholders, along with a further 3.85 million fully paid ordinary shares to consultants in lieu of fees, and has notified the market that these securities were issued without a prospectus under the Corporations Act. By lodging this notice, the company confirms the new shares qualify for on-sale without disclosure under the section 708A(5) exemption, while also affirming its compliance with key financial reporting and continuous disclosure obligations and stating there is no undisclosed information material to investors’ assessment of the company or the rights attached to the new shares.

More about Emerge Gaming Limited

Streamplay Studio Limited (ASX:SP8) is a gaming company that owns North America–based Noodlecake Studios, an award-winning game developer and publisher known for innovative original IPs and long-standing relationships with major platforms such as Amazon, Apple, Nintendo and Microsoft. With more than 60 published titles and over 270 million downloads, Streamplay’s broader operations span game development and publishing, esports, streaming and telco-aligned gaming services across North America, Australia, the Middle East, Africa and the Pacific Islands.

Average Trading Volume: 3,325,806

Technical Sentiment Signal: Sell

Current Market Cap: A$14.1M

For an in-depth examination of SP8 stock, go to TipRanks’ Overview page.

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