FansUnite to Complete TSX Delisting
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.
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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
Details
News Market Reaction – FUNFF
The recorded move for FUNFF in the trading session of this news was -1.56%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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