FansUnite to Complete TSX Delisting
Rhea-AI Summary
FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) has announced the delisting of its common shares from the Toronto Stock Exchange (TSX), effective at the close of market on August 21, 2024. The company will also apply to withdraw its common shares from the OTCQB shortly after the TSX delisting. FansUnite has set August 26, 2024 as the record date for shareholders to be eligible for the previously announced return of capital (Distribution). To participate in the Distribution, shareholders must complete trades on the TSX by the close of market on August 21, 2024.
Positive
- Return of capital to shareholders through a Distribution
Negative
- Delisting from Toronto Stock Exchange (TSX)
- Planned withdrawal of common shares from OTCQB
- Potential loss of liquidity and market access for shareholders
News Market Reaction 1 Alert
On the day this news was published, FUNFF declined 1.56%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") announces that, further to its news releases dated August 15, 2024, its common shares will be delisted from the Toronto Stock Exchange ("TSX"), effective as of the close of market August 21, 2024. The Company will apply to withdraw the quotation of its common shares from the OTCQB as soon as possible after the delisting.
The record date to determine shareholders entitled to receive the previously announced return of capital on the Company's common shares (the "Distribution") will be August 26, 2024. To participate in the Distribution, shareholders must complete trades on the TSX by the close of market today.
For further information, please contact:
FansUnite Entertainment Inc.
ir@fansunite.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220658
FAQ
When will FansUnite Entertainment Inc. (FUNFF) be delisted from the Toronto Stock Exchange?
What is the record date for FansUnite Entertainment Inc. (FUNFF) shareholders to receive the return of capital?
What action must FansUnite Entertainment Inc. (FUNFF) shareholders take to participate in the Distribution?
Will FansUnite Entertainment Inc. (FUNFF) continue trading on the OTCQB after delisting from TSX?
