Halifax-based video game tech startup Swarmio Media revealed it intends to go public on the Canadian Securities Exchange (CSE), in a June 25 filing. The company doesn’t plan to sell or issue any new securities in connection with the move, which was first reported by Private Capital Journal. Swarmio intends to apply to go public on the CSE via a reverse takeover of Swarmio Media Holdings. As part of the arrangement, Swarmio Media Holdings will issue about 59.2 million common shares in exchange for 100 percent of the common shares, preferred shares, and convertible securities of Swarmio. According to Entrevestor, the move represents a pivot from Swarmio’s initial plan to go public on the TSX Venture Exchange.

Source: The North Africa Journal July 09, 2021 09:56 UTC