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Canada’s Enteractive to get NASDAQ listing through SPAC merger

Posted: Oct 19, 2022 12:05 Category: Americas , M&A Action , Online ,

Enteractive Media is set to gain a listing on NASDAQ through a merger with special purpose acquisition company Parsec Capital Acquisitions. 

The merger has been approved by the boards of both companies and is expected to be completed in the fourth quarter of this year, subject to regulatory approvals. 

Calgary-based Enteractive was established in 2013. It’s a business that acts as a gateway between consumers and gambling operators.  Enteractive Media’s wholly owned subsidiary “PlayerVision” provides consumers with gambling-themed television broadcasts, on demand video, and “Join in Play ” synchronous live video-streamed sports wagering programming.

Enteractive poised for growth

The board of directors of the combined company will consist of one director designated by Parsec and four directors designated by Enteractive Media. 

“We are excited to have Enteractive for this business merger and look forward to consummating this transaction,” Parsec Chair and CEO Patricia Thompeter said. “ We believe that, with the value proposition Enteractive brings to this transaction, it is well-positioned for substantial growth and sustainability. We view the transaction valuation as highly attractive to investors. We believe that through our merger, coupled with the management’s background we have the potential to create significant value for shareholders.”

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