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Wondr Gaming Enters Into Binding Agreement to Acquire Hot Dot Media Inc. a Tik Tok, Instagram, Facebook, and YouTube Influencer Network with reach to 100,000,000+ Followers
Wondr Gaming Enters Into Binding Agreement to Acquire Hot Dot Media Inc. a Tik Tok, Insta...
About this update from Vertiqal Studios Corp
[{"type":"text","content":"\n \n \n \n Wondr Gaming Enters Into Binding Agreement to Acquire Hot Dot Media Inc. a Tik Tok, Instagram, Facebook, and YouTube Influencer Network with reach to 100,000,000+ Followers\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n May 25, 2021\n \n /CNW/ - Wondr Gaming Corp. (CSE: WDR) (CSE: WDR.WT) (the \"\n \n Company\n \n \" or \"\n \n Wondr Gaming\n \n \") a company providing partnerships in media through loyalty and rewards, is pleased to announce it has entered into a binding agreement dated\n \n May 25, 2021\n \n (the \"\n \n Definitive Agreement\n \n \") to acquire Hot Dot Media Inc. (\"\n \n HDM\n \n \"), a social media agency focused exclusively on emerging platforms with media reach through a diverse network of creators totaling 100,000,000+ followers across TikTok, Instagram, Facebook, and YouTube.\n \n \n \n \n \n \n \n \n \n Pursuant to the Definitive Agreement, the Company has agreed to acquire all of the issued and outstanding common shares of HDM in exchange for 8,000,000 common shares of the Company to be issued to the shareholders of HDM at a deemed price of\n \n $0.25\n \n per share. The parties expect the acquisition to close on or around\n \n June 1, 2021\n \n .\n \n \n All common shares issued in connection with the acquisition of HDM are subject to a four-month and one day resale restriction and an 18-month voluntary escrow agreement between the selling shareholders of HDM and the Company.\n \n \n \n Transaction Highlights and Benefits\n \n \n \n \n Vertically integrates Wondr Gaming with influencer reach and an entrepreneur team to work with targeted audiences within the Wondr Gaming ecosystem to drive its customer acquisition flywheel.\n \n \n The integration of HDM will allow the Wondr Gaming group to drive contextual creative content and the opportunity to monetize those eyeballs through its gaming rewards platform as well as its soon to be wholly-owned non-fungible token (\"\n \n NFT\n \n \") platform (announced\n \n May 17, 2021\n \n ).\n \n \n Allows Wondr Gaming to bui...