Business
Boat Rocker Media Completes Initial Public Offering Raising Gross Proceeds of C$170.1 Million
Boat Rocker Media Completes Initial Public Offering Raising Gross Proceeds of C$170.1 Mil...
About this update from Blue Ant Media Corporation
[{"type":"text","content":"\n \n \n \n Boat Rocker Media Completes Initial Public Offering Raising Gross Proceeds of C$170.1 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n TORONTO\n \n ,\n \n March 24, 2021\n \n /CNW/ - Boat Rocker Media Inc. (\"Boat Rocker Media\" or the \"Company\"), an independent, integrated global entertainment company, announced today the closing of its previously announced initial public offering (the \"Offering\") of subordinate voting shares of the Company for total gross proceeds to the Company of\n \n C$170,100,000\n \n .\n \n \n The subordinate voting shares will commence trading on the Toronto Stock Exchange today under the ticker symbol \"BRMI\".\n \n \n \"The completion of our IPO represents an exciting next chapter for Boat Rocker,\" said\n \n David Fortier\n \n and\n \n Ivan Schneeberg\n \n , Co-Founders and Co-Executive Chairmen, Boat Rocker Media and Co-Chairmen, Boat Rocker Studios. \"We're proud of what the company has achieved to date, but believe we're just starting to unlock the full potential of our multi-genre IP creation engine.\"\n \n \n \"Following the completion of our IPO we have enhanced balance sheet strength and financial flexibility to advance our growth strategy, against a backdrop of robust and growing demand for content globally,\" said\n \n John Young\n \n , Chief Executive Officer of Boat Rocker Media. \"We are now in an ideal position to pursue a range of initiatives designed to further expand our creative and commercial capabilities and deliver shareholder value.\"\n \n \n The Offering was underwritten by a syndicate of underwriters led by RBC Capital Markets and TD Securities Inc., as joint bookrunners, J.P. Morgan Securities Canada Inc., as co-lead manager, and including BMO Capital Markets, Scotiabank, Cormark Securities Inc., and Canaccord Genuity Corp.\n \n \n The underwriters have been granted an over-allotment option to purchase up ...