After giving effect to the Qualifying Transaction, the shareholders of Playmaker will collectively exercise control over Apolo. Completion of the proposed Qualifying Transaction is subject to, among other things, receipt of all necessary regulatory and shareholder approvals.
There can be no assurance that the Qualifying Transaction will be completed as proposed or at all. If all conditions to the implementation of the Amalgamation have been satisfied or waived, Apolo and Playmaker will carry out the Amalgamation. Pursuant to the terms of the Amalgamation, it is expected that the following security conversions, exercise and issuances will occur among Apolo, Playmaker and the securityholders of Playmaker at or prior to the Internapizing Time: the Apolo Shares being consolidated on the basis of one 1 post-Apolo Consolidation Apolo Share for every 4.
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As of the Effective Time, the current Apolo Shareholders will hold an aggregate of approximately 1, Resulting Issuer Shares, representing approximately 1. Immediately following the Effective Time, Playmaker is expected to hold , Resulting Issuer Shares or approximately Trading of the Apolo Shares was halted on April 6, as a result of the failure of Apolo to complete a Qualifying Transaction within 24 months of its listing on the Exchange, and is currently suspended and will remain suspended until completion of the Qualifying Transaction.
Trading of the Apolo Shares will not resume prior Stereotypes Barbie the completion of the Qualifying Transaction. Apolo has not commenced operations and has no assets other than cash. Playmaker is headquartered in Toronto and Miami and is a digital sports media company Effectie lives at the intersection of sports, gaming, media, and technology.
Playmaker is building a collection of premier sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers. Playmaker is focused on the immediately profitable portion of the iGaming ecosystem and is rolling up digital sports media assets and technology to create an ecosystem of highly engaged sports fans that Playmaker plans to monetize with sports betting companies, leagues, Internalkzing, and advertisers.]
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