An esports company, started with the idea of expanding the in-person gaming community and creating bigger and better live public events, chooses the middle of a pandemic to go public and raise money.
This sounds crazy, right? Residents in large parts of the world are urged to stay in their homes, and when they do leave to socialize, indoor gatherings are generally restricted. And most people can, you know, play games at home.
But here’s the deal: going public now represents a lot of optimism for the future: a future where esports continues to be a major force in the broader culture, a future where people value their in-person communities, and a future where things get back to normal.
For those that don’t follow the world of stocks and equities, going public means that shares of our company are now publicly listed on a stock exchange. The shares represent fractional ownership in our company. At the time we went public, we also raised about 1.58 million Canadian dollars.
You might ask, what are we going to do with that money?
Well, we’ve always been about building the community and providing a safe and comfortable environment. We can do that online, and we can do that in-person.
Since the pandemic started, we’ve focused on building our online community through tournaments and online events. We’ve seen registrations for tournaments jump five-fold over the last couple of months, and our Discord server is home to a constant stream of activity. It’s a great place to get information or talk with us, so if you haven’t been there, check it out.
Our online success has allowed us to bring on more partners and grow our relationship with them over the past few months. Stay tuned for more on this – because there’s a lot in the pipeline.
But as we said before, the lockdowns will end, someday. And when they do, people will want to meet in person. So, a lot of the money we have raised will go toward expanding our physical footprint when it’s safe to do so. One benefit of running online tournaments: we are understanding a lot more about our brand, the games our people like to play, and what their appetite is for in-person events. It’s valuable intelligence that we can use to build a stronger company and stronger gaming communities.
The beauty of how we’ve built our business is that, even now, we’ve been able to connect with people all over the world. We look forward to seeing you, and hopefully soon.
Certain statements in this bulletin are forward-looking statements, which reflect the expectations of management regarding our company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the future of the esports business, our plans for capital expenditures and increasing our physical footprint and the nature of our business following the end of COVID-19 related lockdowns. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of our company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic and other risks that are customary to businesses of our nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits our company will obtain from them.