WildBrain Investors Back Board Slate and Share-Structure Overhaul

WildBrain ( (TSE:WILD) ) has issued an announcement.

WildBrain shareholders approved all items at the company’s annual and special meeting, including the election of the full slate of director nominees, the reappointment of PricewaterhouseCoopers as independent auditor, and the reapproval of unallocated entitlements under the Omnibus Equity Incentive Plan. Investors also backed a special resolution to simplify the company’s capital structure by eliminating non-voting and Preferred Variable Voting shares, consolidating remaining equity into a single class of common shares with amended rights, and creating an unlimited number of preferred shares issuable in series, a move the board chair said follows the closure of WildBrain’s television channels and is intended to give the company greater flexibility to pursue strategic options and enhance long-term shareholder value.

The most recent analyst rating on (TSE:WILD) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on WildBrain stock, see the TSE:WILD Stock Forecast page.

Spark’s Take on TSE:WILD Stock

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

WildBrain’s overall stock score is primarily impacted by its financial performance and valuation concerns. The company faces significant financial challenges with high leverage and negative profitability. Technical analysis indicates a neutral to slightly bearish trend, and the lack of earnings call and corporate events data limits further insights. Investors should be cautious due to the high financial risk and valuation concerns.

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

More about WildBrain

WildBrain Ltd., headquartered in Toronto and listed on the Toronto Stock Exchange, is a global leader in kids’ and family entertainment focused on 360° franchise management across content creation, audience engagement and global licensing. The company owns and manages well-known franchises such as Peanuts, Teletubbies, Strawberry Shortcake, Yo Gabba Gabba!, Inspector Gadget and Degrassi, producing series for multiple platforms and leveraging a library of roughly 14,000 half-hours of content as well as a large YouTube network for worldwide reach. Its consumer products arm, WildBrain CPLG, licenses both owned and partner brands across major international markets.

Average Trading Volume: 89,240

Technical Sentiment Signal: Sell

Current Market Cap: C$294.8M

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