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Enthusiast Gaming Holdings Inc T.FIVE


Primary Symbol: T.EGLX Alternate Symbol(s):  EGLXF

Enthusiast Gaming Holdings Inc. is a gaming media and entertainment company. The Company operates in one industry segment, being digital media and entertainment. Its principal business activities are comprised of media and content, esports and entertainment and subscription. The Company's digital media platform includes its flagship video gaming related owned and operated websites, content channels including YouTube and casual games, where the Company derives the vast majority of its media and content revenue. The Company's esports and entertainment business, includes Luminosity Gaming Inc. (Luminosity Gaming), a global esports franchise that consists of professional esports teams under ownership and management, and Pocket Gamer Connects, global mobile gaming events. It has fully owned teams competing in Apex Legends, Overwatch, Super Smash Bros: Ultimate, Brawl Stars, and Pokemon Unite.


TSX:EGLX - Post by User

Comment by foundalphaon May 04, 2021 10:09am
294 Views
Post# 33122728

RE:opinions please

RE:opinions pleaseEGLX just announced filing a base shelf prospectus to raise up to $250 million in the next 25 months. Did some research on what this could mean for the stock price. This type of prospective financing typically has the least negative impact. However, price may drop 5-10% in the next couple days, but likely recovers and goes higher within 2 weeks. No doubt they have big plans for acquisitions. Hexo Corp announced a similar-type registration mid-April.
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