Ese Entmt Stock Price, News & Analysis

ESE Entertainment (OTCQB:ENTEF) announced that CEO Konrad Wasiela will present at Wall Street Reporter's "Next Super Stock" livestream conference on August 25, 2021, at 1:00 PM Eastern. The presentation will cover the company's recent growth in esports, acquisitions, and execution strategies in gaming. Investors unable to attend live can access a recorded video later.

The conference aims to spotlight companies poised for transformational growth, potentially driving stock appreciation.

ESE Entertainment has launched a series of non-fungible tokens (NFTs) through a partnership with Bitcoin Vault (BTCV) for the esports talent show, SkillzVault by Bitcoin Vault. The initial NFT set, featuring a character from South Korea, sold out on August 13, 2021, within hours. Further NFT releases are planned for tournaments in China, Japan, Vietnam, and Brazil. ESE is responsible for the production and marketing of this global tournament, which includes participants from five countries. The final is scheduled for November 21, 2021.

ESE Entertainment Inc. (OTCQB: ENTEF) has announced its continued marketing partnership with the Polish Automobile and Motorcycle Federation for the Porsche Esports Sprint Challenge Poland 2021. The championship, starting August 16, includes three prequalifying rounds and will conclude on October 28. The event aims to enhance digital motorsport, which is gaining popularity and recognition globally.

The champion will be awarded the title of Polish Champion and qualify for Porsche's Driving Experience program.

ESE Entertainment Inc. (OTCQB: ENTEF) has announced a binding share purchase agreement to acquire Digital Motorsports, an Ireland-based provider of advanced sim racing technology. The total purchase price for 100% equity includes CAD $1,681,250 in cash, 941,500 common shares, and up to 8,473,500 earn-out shares based on revenue milestones. This acquisition aims to strengthen ESE's position in the sim racing market and enhance its growth prospects. Digital Motorsports is recognized for its innovative racing simulator solutions and is expected to contribute significantly to ESE's strategy.

ESE Entertainment Inc. (OTCQB: ENTEF) has appointed Kuba Brzeziński as a digital motorsports advisor. Brzeziński is a professional esports driver with Williams Esports and a notable figure in simracing. His achievements include winning the Virtual 24h of Le Mans and the WTCR Esports tournament. In his new role, he will focus on managing digital motorsports tournaments and business development strategies for ESE, aiming to enhance the company’s growth in the simracing sector.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) is launching the esports talent show SkillzVault by Bitcoin Vault on August 2, 2021, in South Korea. The event aims to showcase amateur players from China, Japan, South Korea, Vietnam, and Brazil, who will compete in PlayerUnknown's Battlegrounds and Peacekeeper Elite. Ten influencers from these regions will mentor and partner with the finalists. ESE has also engaged Winning Media for $150,000 to provide digital marketing services. The final tournament will take place in Brazil on November 21, 2021.

ESE Entertainment Inc. (OTCQB: ENTEF) reported a substantial increase in quarterly revenue, achieving $716,293, a 350% surge compared to the previous quarter. The company’s total assets rose to $6,087,941. ESE completed a bought deal financing worth $8,629,600, enhancing its capital stability. Key acquisitions include World Performance Group and the proposed acquisition of Digital Motorsports, which is expected to bolster its presence in the esports sector. The company aims for ongoing growth through strategic acquisitions and partnerships.

ESE Entertainment Inc. (TSX-V: ESE, OTCQB: ENTEF) has filed a short form prospectus for a public offering of 5,360,000 units priced at $1.40 each, aiming to raise gross proceeds of $7,504,000. Each unit includes one common share and one warrant, allowing purchase of an additional common share at $1.95 for 24 months. The underwriters have an over-allotment option for an additional 804,000 units, potentially increasing proceeds by $1,125,600. The offering is expected to close around July 19, 2021, subject to regulatory approvals.