Common shares of Swarmio Media Holdings are now trading on the Canadian Securities Exchange under the symbol SWRM.
The company recently completed a subscription receipt offering for gross proceeds of $6,266,500. On November 5, 2021, the company successfully completed its acquisition of Swarmio Inc., a gaming and esports technology company.
Vijai Karthigesu, Founder & CEO of Swarmio sat down with Dave Jackson to discuss the company’s listing.
“Swarmio is entering a key growth phase, and we believe that strategically now is the right time to take the company public to better position us to capitalize on the major global opportunity in the gaming and esports market.
We believe that Swarmio’s unique, SaaS-based turnkey gaming and esports platform, provides telco operators with an ability to unlock the underlying value of their customers while also competing with dominant “over the top” (OTT) providers such as Netflix, WhatsApp and Google, in the rapidly growing gaming space. Since launching the product we have partnered with four major customers, specifically in Malaysia, Thailand, Sri Lanka and Bahrain.”
Swarmio Media is a technology company that is focused on providing an end-to-end gaming and esports platform for telcos to monetize their subscribers. Swarmio has engaged with several telcos that have launched its solution allowing their subscribers to access tournaments, engage in a localized gaming community, challenge friends and influencers and earn points that can be used to purchase gaming content.
Swarmio Media Holdings Inc. (CSE:SWRM) opened trading at C$0.44 per share.