OverActive Media makes debut on the the TSX Venture Exchange
Got a few million dollars lying around, and happy to roll the dice on doubling your spare change? If so, this might be the time to take a closer look at a homegrown esports enterprise. OverActive Media is now trading on the TSX Venture Exchange.
The Toronto-based enterprise counts the MAD Lions, Toronto Defiant, and Toronto Ultra as teams under its umbrella. It’s trading on the TSX under the name of OAM.
In a news release, OverActive president and CEO Chris Overholt said “We are building a leading 21st century sports, media and entertainment company with esports at its core. Today marks an exciting and important milestone, as investors can now easily own a part of OverActive, a leader in the rapidly growing global esports and entertainment industry. I’m proud to be a part of a board and management group with a shared commitment to driving sustainable value creation for our shareholders and excitement to our fans.”
Overactive isn’t the first esports organization to go public on the stock market. GameSquare Esports trades on OTC Markets, Esports Entertainment Group can be found on Nasdaq, and Guild Esports popped up on the London Stock Exchange last year.
That OverActive Media is now trading on the TSX Venture Exchange isn’t the only big news for the Toronto-based organization. This week OverActive announced that a planned 7,200 seat entertainment facility it’s looking to build on the Exhibition grounds in Hogtown will be privately financed. In other words, if you’re a taxpayer who doesn’t know esports from eBay, you won’t be on the hook for a dime.