Initial Public Offerings – Business Times Oman http://www.businesstimesoman.com Wed, 11 Oct 2023 20:52:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Gamer Pakistan Announces Closing of Initial Public Offering http://www.businesstimesoman.com/gamer-pakistan-announces-closing-of-initial-public-offering/ http://www.businesstimesoman.com/gamer-pakistan-announces-closing-of-initial-public-offering/#respond Wed, 11 Oct 2023 20:52:47 +0000 http://www.businesstimesoman.com/?p=309329 HENDERSON, Nev., Oct. 11, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early–stage technology and esports company focused on game development and in–game AI community engagement, and organizing esports events in Pakistan, today announced the closing of its initial public offering of 1,700,000 shares at a public offering price per share of $4.00. The Company's stock began trading on the Nasdaq Capital Market under the ticker symbol "GPAK".

The gross proceeds to Gamer Pakistan from the offering, before deducting the underwriting discounts and commissions and offering expenses, amount to $6.8 million. Gamer Pakistan expects to use the net proceeds from the offering to build infrastructure, organize and promote esports tournaments in Pakistan, increase staff, acquire one or more eGame developers, build an integration in to Trade Desk for the Sale of Data to Brands, and provide general working capital.

WestPark Capital, Inc. acted as the Lead Underwriter, and R. F. Lafferty the Book–Running Manager for the offering.

A registration statement on Form S–1 relating to the shares of common stock being sold in this offering was filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on September 28, 2023.

The offering is being made only by means of a prospectus. A final prospectus relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov. A copy of the final prospectus relating to this offering may also be obtained from WestPark Capital, Inc., Attn: Prospectus Department, 1800 Century Park East, Suite 220, Los Angeles, CA 90067 or by calling (310) 203–2919 or by emailing prospectus@wpcapital.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter–university and professional esports events for all genders in Pakistan. Operations are conducted through wholly–owned subsidiary K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd. For more information visit www.gamerpakistan.com.

Forward–Looking Statements

All statements in this release that are not based on historical fact are "forward–looking statements." While management has based any forward–looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward–looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward–looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S–1, which can be found on the SEC's website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward–looking statements. We caution readers not to place undue reliance upon any such forward–looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward–looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949–491–8235
GPAK@mzgroup.us
www.mzgroup.us


GLOBENEWSWIRE (Distribution ID 8947836)

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Gamer Pakistan Announces Pricing of $6,800,000 Million Initial Public Offering http://www.businesstimesoman.com/gamer-pakistan-announces-pricing-of-6800000-million-initial-public-offering/ http://www.businesstimesoman.com/gamer-pakistan-announces-pricing-of-6800000-million-initial-public-offering/#respond Thu, 28 Sep 2023 22:30:00 +0000 http://www.businesstimesoman.com/?p=309211 HENDERSON, Nev., Sept. 28, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early–stage technology and esports company focused on game development and in–game AI community engagement, and organizing esports events in Pakistan, today announced the pricing of its initial public offering of 1,700,000 shares at a public offering price per share of $4.00.

All shares are being offered by Gamer Pakistan. In addition, Gamer Pakistan has granted the underwriters a 45–day option to purchase an additional 255,000 shares of its common stock at the initial public offering price, less the underwriting discounts and commissions.

In connection with the offering, the Company's common stock has been approved for listing on the Nasdaq Capital Market. The shares are expected to begin trading on the Nasdaq Capital Market on September 29, 2023, under the ticker symbol "GPAK". The offering is expected to close on October 3, 2023 subject to customary closing conditions.

The gross proceeds to Gamer Pakistan from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $6,800,000 million. Gamer Pakistan expects to use the net proceeds from the offering to build infrastructure, organize and promote esports tournaments in Pakistan, increase staff, acquire one or more eGame developers, build an integration in to Trade Desk for the Sale of Data to Brands, and provide general working capital.

WestPark Capital, Inc. is the sole Book–Running Manager for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus. A copy of the final prospectus relating to this offering, when available, will be filed with the SEC and may also be obtained from WestPark Capital, Inc., Attn: Prospectus Department, 1800 Century Park East, Suite 220, Los Angeles, CA 90067 or by calling (310) 203–2919 or by emailing prospectus@wpcapital.com.

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter–university and professional esports events for all genders in Pakistan. Gamer Pakistan is rapidly becoming the premiere university esports partner for secondary education institutions in Pakistan. Gamer Pakistan creates the formats and events to provide a competitive environment in which to unearth and nurture budding esports talent at the collegiate level and provide them with opportunities to represent Pakistan globally in their journey to becoming world–class professional esports athletes. Operations are conducted through wholly–owned subsidiary K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd. For more information visit www.gamerpakistan.com.

Forward–Looking Statements

All statements in this release that are not based on historical fact are "forward–looking statements." While management has based any forward–looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward–looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward–looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S–1, which can be found on the SEC's website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward–looking statements. We caution readers not to place undue reliance upon any such forward–looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward–looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949–491–8235
GPAK@mzgroup.us
www.mzgroup.us


GLOBENEWSWIRE (Distribution ID 8930733)

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Triller Inc. Secures $310 Million Equity Funding from Global Emerging Markets (GEM) in connection with Upcoming Public Listing http://www.businesstimesoman.com/triller-inc-secures-310-million-equity-funding-from-global-emerging-markets-gem-in-connection-with-upcoming-public-listing/ http://www.businesstimesoman.com/triller-inc-secures-310-million-equity-funding-from-global-emerging-markets-gem-in-connection-with-upcoming-public-listing/#respond Thu, 29 Sep 2022 13:44:35 +0000 http://www.businesstimesoman.com/?p=305563 LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) — Triller Inc.("Triller") and GEM Global Yield LLC SCS (“GGY”) today announced a binding $310 million investment from GEM, the Luxembourg based private alternative investment group, in the form of a share subscription facility. Under the agreement, GEM will provide Triller with up to $310 million in equity capital for a 36–month term following a public listing of Triller's common stock.

Triller will not be obligated to draw the full $310 million but can do so in part or in whole at its discretion. Triller will control both the timing and amount of all drawdowns and will issue stock to GEM on each drawn down from the facility. Triller will also issue warrants to GEM, further aligning the interests of the companies.

Triller filed its private S–1 with the U.S. Securities and Exchange Commission last month and is submitting what it anticipates being the final S–1 concurrently with the closing of this facility. The expectation is that trading will commence in early Q4 2022.

"Triller has been growing tremendously," said Mahi de Silva, CEO and Chairman of Triller. "At our inception in 2019, we were a zero–revenue company; now we are on track to break $100 million in revenue this year. The Triller app has been downloaded more than 350 million times, and the company works with dozens of the world's largest brands and thousands of top artists, disrupting the entire creator community."

Triller has 10 business lines, eight of which are at break–even or profitable, and effectuates 750 million interactions per quarter, each of which is a potential monetizable transaction for the company in the future.

With the capital infusion from GEM, Triller will be able to make additional acquisitions to strengthen its toolbox for the creator community and reach breakeven or profitability in the short–term. Assuming it draws upon the full $310 million equity facility, Triller will have raised more than $600 million dollars and, upon its IPO, will be virtually debt free.

"Triller is breaking all the rules of the closed garden systems. It is challenging the way the old establishment takes advantage of creators and users by keeping 99 percent of the money within the system for itself," said De Silva. "The reason the industry is so set on MAU, DAU and the like is that is how much time someone spends within one company's particular closed garden and means that the social networks "own' the user, revenue, brand and information.

"Triller breaks that system wide open. As an open garden, our goal is to put the power back in the hands of the creators and users, allowing creators and brands to connect directly. We provide tools to maximize those connections and how well each can be monetized. In addition, looking at the number of interactions we facilitate helps us to forecast future revenue since each one of those is a potential transaction fee for us."

About Triller Inc.

Triller is the AI–powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360–degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non–affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live–stream music platform; combat sports brands Triller Fight Club, Triad Combat and BKFC; Amplify.ai, a leading customer engagement platform; FITE.tv, a premier global PPV, AVOD, and SVOD streaming service; Thuzio, a leader in B2B premium influencer events and experiences; Fangage, a platform for creators to engage fans and monetize content and Julius, a platform for brands and agencies to harness creators for social engagement and social commerce.

About GEM
Global Emerging Markets ("GEM") is a $3.4 billion, Luxembourg based private alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in over 70 countries. Each investment vehicle has a different degree of operational control, risk–adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small–Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: http://www.gemny.com


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Emirate Lithium Prepares for U.S. IPO http://www.businesstimesoman.com/emirate-lithium-prepares-for-u-s-ipo/ http://www.businesstimesoman.com/emirate-lithium-prepares-for-u-s-ipo/#respond Tue, 23 Aug 2022 12:30:00 +0000 http://www.businesstimesoman.com/?p=305346 LAGOS, Nigeria, Aug. 23, 2022 (GLOBE NEWSWIRE) — Emirate Lithium & Geominerals Limited ("Emirate Lithium" or the "Company"), a subsidiary of Emirate Group focused on the exploration, mining, trading and exporting of solid mineral ores, including lithium spodumene, tin, columbite, zircon sand (brown), monazite and tantalite to Europe and Asia, is preparing to file its S–1 with the U.S. Securities and Exchange Commission with the goal of listing of its shares via an IPO on the Nasdaq Global Market in the United States.

The Company intends to raise approximately $15.0 million in the IPO of its ordinary common shares. The proceeds of the planned IPO would be used to further deepen the Company's exploration activities at its Iwajowa and Kaima lithium projects, located within the known pegmatite belt in southwestern and north–central Nigeria, and to expand Emirate Lithium's mineral processing and warehousing capacity. Additionally, the new capital is expected to accelerate the Company's plans to pursue new lithium mine acquisitions in its quest to be the largest holder of lithium assets in Africa.

As a first step towards its potential IPO on the Nasdaq, Emirate Lithium has engaged small–cap IR leader RedChip Companies, Inc. and NYC securities attorneys Dentons LLP to provide IR/PR and legal services, respectively.

About Emirate Lithium

Emirate Lithium was incorporated in 2017 and commenced operations in 2018 as a mining, minerals, processing, and export company. The Company commenced open pit mining (surface mining) operations working with artisanal and small–scale operators in 2020 to establish lithium ore–grade quantities and build customer demand. Emirate Lithium currently has 27 minerals exploration licenses acquired from the Nigerian Mining Cadastre Office ("MCO"). Six of the 27 licenses are for lithium, making the Company a major holder of lithium assets in Sub–Sahara Africa, with Emirate Lithium poised to become the largest holder of lithium assets in the continent.

Cautionary Note Regarding Forward–Looking Statements
This news release includes certain “forward–looking statements” for the purpose of providing information about management's current expectations and plans relating to the future. Forward–looking statements are based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward–looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward–looking statements. Emirate Lithium 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 law.

Contact

Dave Gentry, CEO
RedChip Companies, Inc.
1–800–Red–Chip (733–2441)
emirate@redchip.com


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