The former Boat Rocker Media company has closed it previously announced transaction done under the Canada Business Corporations Act, and expects to begin trading on the Toronto Stock Exchange by August 7.
Blue Ant Media Corporation, formerly Boat Rocker Media Inc., has closed its previously-announced “go public” reverse takeover transaction implemented under the Canada Business Corporations Act. The subordinate voting shares of Blue Ant are expected to commence trading on the Toronto Stock Exchange under the new ticker symbol “BAMI” by August 7.
“This is a transformative moment for Blue Ant Media,” said Michael MacMillan, CEO. “As a newly public company, we are entering our next phase of growth as a modern, global media business. With a strong capital position, a proven content model and operations across key international markets, we're well-positioned to scale in a rapidly evolving landscape. We're proud to welcome our new shareholders as we execute our strategy to drive long-term value through IP ownership, platform reach and global distribution.”
The plan involved former shareholders of Blue Ant Media Inc. exchanging shares of Blue Ant Media Inc. for Blue Ant Media Corporation, which resulted in a reverse takeover of Blue Ant Media Corporation.
Blue Ant also completed a share capital reorganization, which included a consolidation of its shares on the basis of one post-consolidation share for 10 pre-consolidation shares.
In connection with the move, Boat Rocker Studios was sold to a privately owned company controlled by Boat Rocker's co-founders and co-Executive Chairmen, David Fortier and Ivan Schneeberg, and Boat Rocker's CEO, John Young. Blue Ant’s minority investment in a U.S. talent management business was sold to Fairfax Financial Holdings Limited. In connection with the transactions, Boat Rocker's co-founders and CEO resigned as officers and directors.
The board of directors of Blue Ant now includes Brad Martin, MacMillan, Robb Chase, Richard Wernham, Phyllis Yaffe, Kent Sobey, Lisa Knutson, Kevin Johnson, Lisa Hsia, Kathryn Houlden, and Ellis Jacob. MacMillan is the Chief Executive Officer and Robb Chase is the Chief Financial Officer.
Further details regarding the transactions are available under the Company's SEDAR+ profile.
Source: Blue Ant Media
Journalist, antique shop owner, aspiring gemologist—L'Wren brings a diverse perspective to animation, where every frame reflects her varied passions.
