Engine Media Holdings, Inc., a provider of sports and esports gaming experiences, along with media solutions focused on influencer marketing, gaming data/analytics, and programmatic advertising has entered into an at-the-market Equity Distribution Agreement (the “Equity Distribution Agreement”) with Canaccord Genuity LLC (“Canaccord”), on behalf of itself and co-sales agents Oppenheimer & Co. Inc. and B. Riley Securities, Inc., to establish an at-the-market equity program (the “ATM Program”). Under the ATM Program, the Company will have the flexibility through the April 2023 expiration date of its Base Prospectus (referenced below), to issue up to US$50 million of common shares (“Common Shares”) as needed to support the Company’s ongoing business activities. Any Common Shares sold under the ATM Program will be sold at the prevailing market price at the time of sale, when sold through the NASDAQ Global Market. No common shares will be offered or sold in Canada.
Sales under the ATM Program will be commenced at the Company’s discretion, and the net proceeds of any sales of Common Shares under the ATM Program will be used to fund the Company’s working capital requirements and for other general corporate purposes. The Company has no obligation to sell any shares pursuant to the ATM Program.
The Company has filed a prospectus supplement (the “Supplement”) dated August 10, 2021 to a short form base shelf prospectus dated March 25, 2021 (the “Base Prospectus”) and in the United States pursuant to a registration statement on Form F-10 (File No. 333-254709), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 10, 2021 (the “Registration Statement”), in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. Copies of the Supplement and accompanying Base Prospectus may be obtained by contacting Canaccord Genuity LLC, Attn: Syndicate Department, 99 High Street, Suite 1200, Boston, MA 02110, Attn: Equity Syndicate Department, by telephone at (617) 371-3900 or by e-mail at firstname.lastname@example.org. The Equity Distribution Agreement, the Supplement and the accompanying Base Prospectus can also be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.