Pu sua t to the te ms of the Defi itive Ag eeme t, the P oposed T a sactio will be effected th ough a th ee-co e ed me ge (the “
The e a e cu e tly a agg egate of 32,583,077 subo di ate voti g sha es of Immutable (“
Based o the umbe of Immutable Sha es cu e tly outsta di g a d the issua ce of 312,500,000 Resulti g Issue Sha es to the holde s of Gameb ed Sha es pu sua t to the P oposed T a sactio , existi g sha eholde s of Immutable a e expected to hold app oximately 23.9% of the Resulti g Issue Sha es a d fo me sha eholde s of Gameb ed a e expected to hold app oximately 76.1% of the Resulti g Issue Sha es immediately followi g completio of the P oposed T a sactio , i each case p io to givi g effect to the Co cu e t Fi a ci g a d subject to a y adjustme ts co templated by the Defi itive Ag eeme t. Acco di gly, the fo egoi g ow e ship pe ce tages a e estimates a d may cha ge p io to closi g.
At closi g, all outsta di g Gameb ed Sha es will be excha ged fo Resulti g Issue Sha es. Outsta di g stock optio s of Immutable will emai outsta di g followi g closi g with o cha ge to thei existi g te ms.
I co ectio with the P oposed T a sactio , Immutable i te ds to cha ge its ame to a ame desig ated by Gameb ed, subject to egulato y app oval a d the completio of all equi ed co po ate p ocedu es.
I co ectio with the executio of the Defi itive Ag eeme t, the Co po atio adva ced a b idge loa i the p i cipal amou t of US$1,000,000 to Gameb ed pu sua t to the te ms of a secu ed p omisso y ote e te ed i to betwee the Co po atio a d Gameb ed (the “
Gameb ed i te ds to use the p oceeds of the B idge Loa to fu d wo ki g capital a d ge e al busi ess pu poses of Gameb ed.
P io to o co cu e tly with completio of the P oposed T a sactio , Immutable o Gameb ed (o o e of its affiliates) is expected to complete a equity fi a ci g (the “
Upo completio of the P oposed T a sactio , it is a ticipated that ma ageme t of the Resulti g Issue will i clude solely ep ese tatives of Gameb ed. I additio , subject to app oval by the TSXV, the boa d of di ecto s of the Resulti g Issue , at the time of closi g, is expected to co sist of five di ecto s, o e of whom will be selected by Immutable a d fou of whom will be selected by Gameb ed.
Completio of the P oposed T a sactio is subject to satisfactio o waive of a umbe of co ditio s, i cludi g Gameb ed’s co ve sio to a Flo ida Co po atio , a d othe co ditio s customa y fo a t a sactio of this atu e, i cludi g, amo g othe thi gs:
- eceipt of co ditio al app oval f om the TSXV fo the listi g of the Resulti g Issue Sha es followi g the delisti g of the Immutable Sha es f om Cboe;
- completio of the Co cu e t Fi a ci g; a d
- eceipt of all equi ed co po ate, egulato y a d thi d-pa ty app ovals.
The P oposed T a sactio emai s subject to eview a d app oval by Cboe u de its applicable policies. I additio , the listi g of the Resulti g Issue Sha es o the TSXV a d the delisti g of the Immutable Sha es f om Cboe a e subject to eview a d app oval by the TSXV a d Cboe, espectively.
T adi g i the Immutable Sha es will be halted i complia ce with the policies of Cboe. T adi g i the Immutable Sha es is expected to emai halted pe di g completio of the P oposed T a sactio . I co ectio with the P oposed T a sactio , Immutable i te ds to delist the Immutable Sha es f om Cboe a d seek a listi g of the Resulti g Issue Sha es o the TSXV. Subject to completio of the P oposed T a sactio a d satisfactio of all applicable listi g equi eme ts, the Resulti g Issue Sha es a e expected to comme ce t adi g o the TSXV followi g closi g.
Fu the updates i espect of the P oposed T a sactio will be p ovided i a subseque t ews elease.
Additio al i fo matio co ce i g the P oposed T a sactio , Immutable, Gameb ed a d the Resulti g Issue will also be p ovided i subseque t fili gs to be made by Immutable a d Gameb ed i co ectio with the P oposed T a sactio , which will be available u de the Immutable’s SEDAR+ p ofile at www.seda plus.ca.
Gameb ed is a combat spo ts p omotio a d media compa y focused o the p oductio a d p omotio of p ofessio al ba e-k uckle mixed ma tial a ts eve ts. Fou ded by UFC lege d Jo ge Masvidal, Gameb ed’s eve ts combi e ba e-k uckle fighti g with the U ified Rules of Mixed Ma tial A ts, allowi g competito s to utilize st iki g, g appli g a d submissio tech iques without gloves. Th ough live eve ts, media ights, spo so ships a d elated comme cial i itiatives, Gameb ed seeks to capitalize o the g owi g global dema d fo combat spo ts e te tai me t. Gameb ed ece tly e te ed i to a global media ights pa t e ship with DAZN, expa di g the i te atio al each of its co te t a d eve ts.
Immutable is a collectio of busi esses withi the digital assets ecosystem o a missio to build busi esses a d p oducts that i c ease the awa e ess, access, a d adoptio of digital assets. Fou ded by Jo da F ied, a membe of the fou di g team of the Hede a Hashg aph etwo k, the Co po atio has lau ched a d ope ated busi ess ve tu es i seve al ve ticals, ac oss asset ma ageme t, NFTs, media, a d educatio . This has i cluded Immutable Asset Ma ageme t, NFT.com, Immutable Media, 1-800-Bitcoi , a d HBAR Labs. The Co po atio ‘s app oach has bee to evaluate ma ket oppo tu ities as they a ise a d to build busi esses that ca suppo t the g owth of the digital asset ecosystem. Fo fu the i fo matio ega di g Immutable Holdi gs, visit https://immutableholdi gs.com/ a d see the Co po atio ‘s disclosu e docume ts o SEDAR+ at www.seda plus.ca.
Billy Baxte , I te im CFO a d Head of Co po ate Developme t & Ope atio sEmail: i fo@immutableholdi gs.com
This ews elease co tai s ce tai stateme ts which co stitute fo wa d-looki g stateme ts o i fo matio u de applicable Ca adia secu ities laws, i cludi g without limitatio , stateme ts ega di g expectatio s ega di g whethe the P oposed T a sactio will be co summated a d the co ditio s to the co summatio of the P oposed T a sactio will be satisfied i cludi g, but ot limited to, the ecessa y sha eholde a d egulato y app ovals a d the timi g associated with obtai i g such app ovals, if at all, expectatio s ega di g the Co cu e t Fi a ci g a d the te ms, size a d timi g the eof, completio of the ame cha ge of the Co po atio , the futu e busi ess pla s, activities, ope ati g pe fo ma ce a d expectatio s ega di g the Resulti g Issue , expectatio s ega di g the B idge Loa a d the use of p oceeds the eof, the t adi g i Immutable Sha es a d Resulti g Issue Sha es, a d expectatio s fo othe eco omic, busi ess a d/o competitive facto s. Such fo wa d-looki g stateme ts a e subject to ume ous k ow a d u k ow isks, u ce tai ties a d othe facto s, some of which a e beyo d Immutable’s, Gameb ed’s o the Resulti g Issue ‘s (as applicable) co t ol, which could cause actual esults, eve ts, pe fo ma ce o achieveme ts of Immutable, Gameb ed o the Resulti g Issue , as applicable, to diffe mate ially f om those stated, a ticipated o implied i the fo wa d-looki g stateme ts. These isks a d u ce tai ties i clude, without limitatio , cha ges to applicable laws o egulatio s, ge e al eco omic a d capital ma kets co ditio s, stock ma ket volatility a d the othe isks disclosed i the Co po atio ‘s a ual i fo matio fo m dated Ma ch 31, 2026 a d othe disclosu e docume ts available o the Co po atio ‘s p ofile at www.seda plus.ca. The fo egoi g is ot a exhaustive list of facto s that may affect the Co po atio ‘s fo wa d-looki g stateme ts. Othe isks a d u ce tai ties ot p ese tly k ow to the Co po atio a d/o ot specifically efe e ced he ei could also cause actual esults o eve ts to diffe mate ially f om those exp essed i its fo wa d-looki g stateme ts.
The fo wa d-looki g stateme ts co tai ed he ei a e based o a umbe of assumptio s, i cludi g, but ot limited to, assumptio s ega di g completio of the P oposed T a sactio as co templated o at all; completio of the Co cu e t Fi a ci g, satisfyi g the co ditio s p ecede t a d cove a ts i co ectio with the P oposed T a sactio , the ability to obtai equisite egulato y, boa d a d sha eholde app ovals of the P oposed T a sactio , as applicable, satisfyi g the equi eme ts of Cboe a d the TSXV, as applicable, with espect to the P oposed T a sactio a d elated matte s, meeti g the mi imum listi g equi eme ts of the TSXV, ma ket co ditio s, the pote tial impact of the a ou ceme t o co summatio of the P oposed T a sactio o elatio ships, i cludi g with egulato y bodies, employees, custome s a d competito s, a ticipated a d u a ticipated costs (i cludi g, without limitatio , complia ce with exte sive gove me t egulatio a d the costs associated with complia ce), a d othe facto s efe e ced i this ews elease.
Although the Co po atio believes that the fo wa d-looki g stateme ts i this ews elease a e easo able, they a e based o facto s a d assumptio s, based o cu e tly available i fo matio co ce i g futu e eve ts, which may p ove to be i accu ate. As such, eade s a e cautio ed ot to place u due elia ce o the fo wa d-looki g stateme ts, as o assu a ce ca be p ovided as to futu e pla s, ope atio s, esults, levels of activity o achieveme ts. The fo wa d-looki g stateme ts co tai ed i this ews elease a e made as of the date of this ews elease a d, except as equi ed by applicable law, the Co po atio does ot u de take a y obligatio to publicly update o to evise a y of the fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts o othe wise.
This ews elease does ot co stitute a offe to sell o a solicitatio of a offe to buy a y of the secu ities i the U ited States. The secu ities have ot bee a d will ot be egiste ed u de the U ited States Secu ities Act of 1933, as ame ded (the “U.S. Secu ities Act“) o a y state secu ities laws a d may ot be offe ed o sold withi the U ited States o to U.S. pe so s u less egiste ed u de the U.S. Secu ities Act a d applicable state secu ities laws o a exemptio f om such egist atio is available.
View the o igi al p ess elease o ACCESS Newswi e
