FansUnite secures additional funding with Tekkorp Capital

Finance News

FansUnite Entertainment is pleased to announce a non-brokered private placement of units of the company at a price of $0.08 per Unit for aggregate gross proceeds of $2,000,000.

In connection with the Offering, Tekkorp Capital, an investment firm that advises and invests in innovative public and private companies within the global digital gaming industry, has agreed to acquire 13,750,000 Units of the financing.

“We are active investors in the sports and gaming industry and look for great businesses with strong leadership in market segments we like,” said Matt Davey, Founder & Chairman of Tekkorp Capital. “Scott and his team at FansUnite tick all the boxes for us and we are happy to support in their journey to grow the company and shareholder value for all investors.”

“This private placement offers us an opportunity to work with a strategic investor group consisting of top executives who have helped build and grow some of the largest gaming companies globally,” said Scott Burton, CEO of FansUnite. “They have expressed a strong interest to support our strategy in achieving our profitability and growth targets. To date, we have made great strides in maximizing cost efficiencies while executing initiatives to improve our top and bottom line.”

It is anticipated that the net proceeds from the Offering will be used for general corporate working capital purposes. The Company may pay certain finders a fee in connection with the sale of Units to purchasers introduced to the Company by such finders.

The closing of the Offering may occur in one or more tranches, the first of which is expected to close on or about March 9, 2023, and subsequent tranche(s) as may be agreed by the Company and the subscribers. Closing of the Offering is subject to receipt of all regulatory approvals, including the approval of the Toronto Stock Exchange, and will occur within 45 days from the date hereof.There is an offering document related to this Offering dated March 6, 2023 that can be accessed under the Company’s profile at and at Prospective investors should read this offering document before making an investment decision. The Company may increase the size of the Offering to the maximum amount permitted by the ‎Listed Issuer Financing Exemption (as defined below) in the context of the market.‎