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theScore Publicizes Pricing of Upsized Preliminary Public Providing in the USA

TORONTO–(BUSINESS WIRE)–Rating Media and Gaming Inc. (“theScore” or the “Firm”) (TSX: SCR) at the moment introduced the pricing of its previously-announced marketed public providing of the Firm’s Class A Subordinate Voting Shares (“Class A Shares”) in the USA and Canada. The underwriters have agreed to buy 6,000,000 Class A Shares from the Firm, at a value of US$27 per share, for combination gross proceeds to the Firm of US$162,000,000. The scale of the providing has been elevated from the beforehand introduced 5,000,000 Class A Shares.

The Class A Shares are anticipated to start buying and selling on the Nasdaq World Choose Market underneath the image “SCR” on February 25, 2021, and can proceed to commerce on the Toronto Inventory Alternate underneath the image “SCR”. The providing is anticipated to shut on March 1, 2021, topic to customary closing situations.

The providing is being carried out by a syndicate of underwriters led by Morgan Stanley, Credit score Suisse, Canaccord Genuity and Macquarie Capital, as joint book-running managers, with Eight Capital, Cormark Securities Inc. and Scotia Capital Inc. as co-managers.

The Firm has granted the underwriters an over-allotment possibility, exercisable for a interval of 30 days from the date of the closing of the providing, to buy as much as a further 900,000 Class A Shares, representing as much as 15% of the overall variety of Class A Shares to be bought pursuant to the providing.

The Firm at present expects that the web proceeds of the providing will probably be used to fund working capital and different normal company functions, together with the continued progress and enlargement of theScore Wager’s operations in the USA and Canada by supporting the multi-jurisdiction deployment and operation of theScore Wager and person acquisition and retention in jurisdictions the place theScore is, or will probably be, working.

In reference to the providing, theScore filed a preliminary prospectus complement to its base shelf prospectus with the securities regulatory authorities in every of the provinces of Canada, apart from Québec. The preliminary prospectus complement and a base shelf prospectus have additionally been filed with the U.S. Securities and Alternate Fee as a part of a registration assertion on Type F-10. The general public providing will probably be made in Canada solely by the use of the bottom shelf prospectus and preliminary prospectus complement and in the USA solely by the use of the registration assertion, together with the bottom shelf prospectus and preliminary prospectus complement. Such paperwork include necessary details about the providing. Copies of the bottom shelf prospectus and the preliminary prospectus complement will be discovered on SEDAR at www.sedar.com and a duplicate of the registration assertion, base shelf prospectus and the preliminary prospectus complement will be discovered on EDGAR at www.sec.gov. Copies of such paperwork can also be obtained from any of the next sources: Morgan Stanley, Attn: Prospectus Division – 180 Varick Road, 2nd Flooring – New York, NY 10014; Credit score Suisse Securities (USA) LLC, Consideration: Prospectus Division, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, phone: 1-800-221-1037 or by e-mail usa.prospectus@credit-suisse.com; Canaccord Genuity LLC, Consideration: Syndicate Division, 99 Excessive Road, twelfth Flooring, Boston MA 021990, by e-mail at prospectus@cgf.com; and Macquarie Capital (USA) Inc., Consideration: Fairness Syndicate Division, 125 West fifty fifth Road, New York, NY 10019, or by e-mail at MacquarieEquitySyndicateUSA@macquarie.com.

Potential traders ought to learn the bottom shelf prospectus and the prospectus complement in addition to the registration assertion earlier than investing determination.

No securities regulatory authority has both accredited or disapproved the contents of this press launch. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the Class A Shares in any jurisdiction through which such supply, solicitation or sale can be illegal previous to the registration or qualification underneath the securities legal guidelines of any such jurisdiction.

About Rating Media and Gaming Inc.

Rating Media and Gaming Inc. empowers thousands and thousands of sports activities followers by its digital media and sports activities betting merchandise. Its media app ‘theScore’ is among the hottest in North America, delivering followers extremely personalised reside scores, information, stats, and betting info from their favourite groups, leagues, and gamers. The Firm’s sports activities betting app ‘theScore Wager’ delivers an immersive and holistic cell sports activities betting expertise and is at present obtainable to position wagers in New Jersey, Colorado, Indiana and Iowa. Publicly traded on the Toronto Inventory Alternate (SCR), theScore additionally creates and distributes revolutionary digital content material by its net, social and esports platforms.

Ahead-Wanting Statements

Statements made on this information launch that relate to future plans, occasions or performances are forward-looking statements. Any assertion containing phrases resembling “might”, “would”, “may”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and different related statements which aren’t historic information contained on this launch are ahead wanting, and these statements contain dangers and uncertainties and are based mostly on present expectations. Such statements mirror theScore’s present views with respect to future occasions and are topic to sure dangers, uncertainties and assumptions. Many elements may trigger the Firm’s precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements that could be expressed or implied by such ahead wanting statements, together with amongst different issues, the proposed U.S. preliminary public providing of the Class A Shares and the itemizing of the Class A Shares on the Nasdaq World Choose Market, the enactment of enabling laws and rules within the jurisdictions through which the Firm operates, or intends to function, to facilitate on-line gaming, together with (with out limitation) the enactment of federal laws in Canada to allow single occasion sports activities wagering (together with the timing of such laws and rules being handed and proclaimed in pressure (if in any respect) and the phrases and situations imposed in such laws and rules on relevant business contributors), the Firm’s receipt of all related licences and approvals underneath the relevant laws and rules (as relevant) of the jurisdictions through which the Firm operates, or intends to function, the speed of adoption of on-line gaming in Canada and different jurisdictions, as permitted by relevant laws and/or rules, and people elements that are mentioned underneath the heading “Threat Components” within the Firm’s present Annual Data Type, dated October 28, 2020, as filed with relevant Canadian securities regulatory authorities and obtainable on SEDAR underneath the Firm’s profile at www.sedar.com and as filed with the U.S. Securities and Alternate Fee and obtainable on EDGAR underneath the Firm’s profile at www.sec.com, and elsewhere in paperwork that theScore recordsdata every now and then with such securities regulatory authorities, together with its related Administration’s Dialogue & Evaluation of the monetary situation and outcomes of operations of the Firm. Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes may differ materially from the expectations expressed in these forward-looking statements. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements besides as required by relevant legislation or regulatory necessities. 

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