Enthusiast Gaming Announces Intention to File Form 15F to Voluntarily Deregister and Suspend its SEC Reporting Obligations
09 Febrero 2024 - 4:00PM
Enthusiast Gaming Holdings Inc. (“Enthusiast
Gaming” or the “Company”), an integrated gaming entertainment
company, today announced that it filed a Form 15F with the
Securities and Exchange Commission (the “SEC”) to deregister its
common shares (“Shares”) under Section 12(g) of the U.S. Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and to
suspend its reporting obligations under Section 15(d) of the
Exchange Act (the “Deregistration”). The Company’s obligation to
file reports with the SEC, including annual reports and Forms 6-K,
will be suspended immediately upon filing of the Form 15F. Once the
Form 15F is effective, which is expected to occur within 90 days of
filing, the Company will no longer be a public reporting company
and its obligations to file other reports with the SEC will also be
suspended. Shares will continue to trade on the Toronto Stock
Exchange (“TSX”).
As previously announced in its press release
dated October 23, 2023, the Company announced its intention to
voluntarily delist its Shares from the Nasdaq Stock Market LLC
(“Nasdaq”). On October 30, 2023, the Company filed a Form 25 to
report the delisting of the Company’s Shares from Nasdaq and to
deregister the Company’s Shares under Section 12(b) of the Exchange
Act.
The Company’s financial statements, press
releases and other information will continue to be available on
SEDAR+ at www.sedarplus.ca and on its website at
www.enthusiastgaming.com.
About Enthusiast Gaming
Enthusiast Gaming is the leading gaming media
and entertainment company in North America, building the largest
platform for video game enthusiasts and esports fans to connect and
compete worldwide. Combining the elements of its five core pillars:
creators, content, communities, games, and experiences, Enthusiast
Gaming provides a unique opportunity for marketers to create
integrated brand solutions to connect with coveted Gen Z and
Millennial audiences. Through its proprietary mix of digital media,
content and gaming assets, Enthusiast Gaming continues to grow its
network of communities, reflecting the scale and diversity of
gaming enthusiasts today.
Contacts
Enthusiast Gaming Investor Relations: Felicia
DellaFortuna, Chief Financial OfficerFNK IR, Rob Fink and Matt
Chesler, CFAinvestor@enthusiastgaming.com
Forward-Looking Statements
This news release contains certain statements
that may constitute forward-looking information under applicable
securities laws. All statements, other than those of historical
fact, which address activities, events, outcomes, results,
developments, performance or achievements that Enthusiast Gaming
anticipates or expects may or will occur in the future (in whole or
in part) should be considered forward-looking information. Often,
but not always, forward-looking information can be identified by
the use of words such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or variations (including negative
variations) of such words and phrases, or statements formed in the
future tense or indicating that certain actions, events or results
“may”, “could”, “would”, “might” or “will” (or other variations of
the forgoing) be taken, occur, be achieved, or come to pass.
Forward-looking statements in this news release include, but are
not limited to, statements regarding the timing of the Company’s
deregistration becoming effective, its filing obligations
thereafter and the Company’s continued listing on the TSX.
Forward-looking statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, including, but not
limited to, expectations and assumptions concerning: interest and
foreign exchange rates; capital efficiencies, cost saving and
synergies; growth and growth rates; the success in the esports and
gaming media industry; the Company’s growth plan, and judgment
applied in the application of the Company’s accounting policies and
in the preparation of financial statements in accordance with
applicable financial reporting standards. While Enthusiast Gaming
considers these assumptions to be reasonable, based on information
currently available, they may prove to be incorrect. Readers are
cautioned not to place undue reliance on forward-looking
statements. In addition, forward-looking statements necessarily
involve known and unknown risks, including, without limitation,
risks associated with general economic conditions; adverse industry
events; and future legislative, tax and regulatory developments.
Readers are cautioned that the foregoing list is not exhaustive.
For more information on the risks, uncertainties and assumptions
that could cause anticipated opportunities and actual results to
differ materially, please refer to the public filings of Enthusiast
Gaming which are available on SEDAR+ at www.sedarplus.ca. Readers
are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement and reflect our
expectations as of the date hereof, and thus are subject to change
thereafter. Enthusiast Gaming disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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