Form 6-K Score Media & Gaming For: Mar 01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2021
Commission File Number 001-40098
SCORE MEDIA AND GAMING INC.
(Exact name of Registrant as specified in its charter)
N/A
(Translation of Registrant’s name)
500 King Street West
Fourth Floor
Toronto, Ontario, Canada M5V 1L9
(416) 479-8812
(Address and telephone number of registrant’s principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ¨ Form 40-F x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
DOCUMENTS INCLUDED AS PART OF THIS REPORT
Exhibit
99.1 | News Release of Score Media and Gaming Inc., dated March 1, 2021 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Score Media and Gaming Inc. |
Date: March 1, 2021 | By: |
/s/ Benjamin Levy |
Name: Benjamin Levy | ||
Title: President and Chief Operating Officer |
Exhibit 99.1
theScore Announces Closing of US$186.3
Million
Initial Public Offering in the United States
Includes full exercise of over-allotment option
March 1, 2021, TORONTO – Score Media and Gaming Inc. (“theScore” or the “Company”) (TSX: SCR; NASDAQ: SCR) today announced the closing of its previously-announced marketed public offering of the Company’s Class A Subordinate Voting Shares (“Class A Shares”) in the United States and Canada, representing the Score’s initial public offering in the United States and listing of the Class A Shares on the Nasdaq Global Select Market. A total of 6,900,000 Class A Shares were sold by the Company, including 900,000 Class A Shares following the exercise in full by the underwriters of their over-allotment option, at a price of US$27.00 per share, for gross proceeds to the Company of US$186.3 million.
The offering is being conducted through a syndicate of underwriters led by Morgan Stanley, Credit Suisse, Canaccord Genuity and Macquarie Capital, as joint book-running managers, with Eight Capital, Cormark Securities Inc. and Scotiabank as co-managers.
The Company currently expects that the net proceeds of the offering will be used to fund working capital and other general corporate purposes, including the continued growth and expansion of theScore Bet’s operations in the United States and Canada by supporting the multi-jurisdiction deployment and operation of theScore Bet and user acquisition and retention in jurisdictions where theScore is, or will be, operating.
No securities regulatory authority has either approved or disapproved the contents of this press release. 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 the Class A Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media
app ‘theScore’ is one of the most popular in North America, delivering fans highly personalized live scores, news,
stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore
Bet’ delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New
Jersey, Colorado, Indiana and Iowa. Publicly traded on the Toronto Stock Exchange (TSX: SCR) and the Nasdaq Global Select
Market (NASDAQ: SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.
Forward-Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.
Any statement containing words such as “may”, “would”, “could”, “will”, “believes”,
“plans”, “anticipates”, “estimates”, “expects” or “intends” and other
similar statements which are not historical facts contained in this release are forward looking, and these statements involve risks
and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to
future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual
results, performance or achievements to be materially different from any future results, performance or achievements that may be
expressed or implied by such forward looking statements, including among other things, the enactment of enabling legislation and
regulations in the jurisdictions in which the Company operates, or intends to operate, to facilitate online gaming, including (without
limitation) the enactment of federal legislation in Canada to permit single event sports wagering (including the timing of such
legislation and regulations being passed and proclaimed in force (if at all) and the terms and conditions imposed in such legislation
and regulations on applicable industry participants), the Company’s receipt of all relevant licences and approvals under
the applicable legislation and regulations (as applicable) of the jurisdictions in which the Company operates, or intends to operate,
the rate of adoption of online gaming in Canada and other jurisdictions, as permitted by applicable legislation and/or regulations,
and those factors which are discussed under the heading “Risk Factors” in the Company’s current Annual Information
Form, dated October 28, 2020, as filed with applicable Canadian securities regulatory authorities and available on SEDAR under
the Company’s profile at www.sedar.com and as filed with the U.S. Securities and Exchange Commission and available on
EDGAR under the Company’s profile at www.sec.com, and elsewhere in documents that theScore files from time to time with such
securities regulatory authorities, including its relevant Management’s Discussion & Analysis of the financial condition
and results of operations of the Company. Should one or more of these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed
in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking
statements except as required by applicable law or regulatory requirements.
For More Information:
Investor Relations:
Alvin Lobo | Richard Land, James Leahy |
Chief Financial Officer | JCIR |
Score Media and Gaming Inc. | Tel: 212-835-8500 |
Tel: 416-479-8812 | Email: [email protected] |
Email: [email protected] |
Media Relations:
Dan Sabreen
Director, Communications
Score Media and Gaming Inc.
Tel: 917-722-3888 ext. 706
Email: [email protected]
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