Canadian gaming and esports enterprise Enthusiast Gaming has applied for and is in the process of preparing for a listing of its common shares on the NASDAQ Capital Market.
The company expects the listing to facilitate further expansion and growth across its ventures in esports, digital media and gaming events.
Enthusiast Gaming management anticipates the NASDAQ listing will increase company visibility, broaden its investor base and in particular, attract key investment from institutional and retail investors.
Additionally, it will assist in growing the company’s presence in the U.S., developing new partnership, sales, and M&A opportunities, raising the company’s profile and ultimately enhancing shareholder value.
Adrian Montgomery, CEO of Enthusiast Gaming commented: “We continue to see strong interest from investors both in the U.S. and internationally. A U.S. listing has been on our radar as one of the many strategies to execute as part of our business plan.
“On the back of the transformative acquisition of Omnia Media in Q3, the timing is right to proceed with a listing. The U.S. is the largest capital market in the world and our most prominent territory in terms of both the Company’s audience and revenue. A NASDAQ listing is a natural next step for the company.”
The company’s portfolio currently includes esports organisation Luminosity Gaming and the associated teams under the Luminosity umbrella, such as the Call of Duty League outfit Seattle Surge and Overwatch League side Vancouver Titans.
Owned media assets include the aforementioned Omnia Media as well as Destructoid and The Escapist. Enthusiast Gaming also owns and runs Canada’s largest gaming expo, Enthusiast Gaming Live Expo (EGLX) and Pocket Gamer Connects, Europe’s largest mobile gaming event.
Esports Insider says: Listing on the NASDAQ can potentially open a lot of doors for Enthusiast Gaming, who already have a broad range of assets they’re working with. With their fingers firmly in a few pies, access to more capital, in particular, can facilitate the improvement and growth of some proven ventures, or expansion into new fields.