Wondr Gaming has entered into a binding agreement dated 25 May 2021 (the “Definitive Agreement”) to acquire Hot Dot Media (HDM), a social media agency focused exclusively on emerging platforms with media reach through a diverse network of creators totalling 100,000,000+ followers across TikTok, Instagram, Facebook, and YouTube.
Wondr Gaming has agreed to acquire all of the issued and outstanding common shares of HDM in exchange for 8,000,000 common shares of the company to be issued to the shareholders of HDM at a deemed price of $0.25 per share. The parties expect the acquisition to close on or around 1 June 2021.
All common shares issued in connection with the acquisition of HDM are subject to a four-month and one-day resale restriction and an 18-month voluntary escrow agreement between the selling shareholders of HDM and the Company.
Transaction Highlights and Benefits
- Vertically integrates Wondr Gaming with influencer reach and an entrepreneur team to work with targeted audiences within the Wondr Gaming ecosystem to drive its customer acquisition flywheel.
- The integration of HDM will allow the Wondr Gaming group to drive contextual creative content and the opportunity to monetize those eyeballs through its gaming rewards platform as well as its soon to be wholly-owned non-fungible token (“NFT”) platform (announced 17 May 2021).
- Allows Wondr Gaming to build a brand as the go-to NFT platform and marketing agency for all things short-form content and paid advertising.
“Wondr Gaming is relentlessly focused on growing our media business, and the acquisition of Hot Dot Media uniquely positions us to bridge the gap between global brands and the esports and conventional sports communities. Having media reach through 100,000,000+ followers allows for endless opportunities in both the gaming and rewards ecosystem, as well as our NFT Platform. We believe that contextual content is the future, and gaining access to HDM’s expertise and network is the first step in helping us monetize this growing vertical,” commented Wondr Gaming chairman and CEO Jon Dwyer.
