Monday, September 15, 2025

Latest

Wondr Gaming To Acquire Gamelancer For US$10.0 Million, 49% Stake In Company

Wondr Gaming (CSE: WDR) is looking to obtain some inorganic growth. The esports focused firm last night indicated that it has entered into a non-binding letter of intent to acquire Gamelancer in a cash and stock transaction.

Gamelancer is reportedly the “largest Gen Z social gaming network,” with the company stating it has over a billion monthly video views as well as 24 million fans. The platform isn’t limited to just gaming however, with the company also using the buzzwords WEB3 and NFT’s to describe its focus.

The proposed transaction however doesn’t come cheap for the company or its shareholders. The current working arrangement outlines a total cash cost of US$10 million, of which $7.5 million is to be paid upon closing and a further $2.5 million is to be paid on the one year anniversary of the closing.

There is also a share-based component however, which will see shareholders diluted rather significantly. As part of the transaction, Gamelancer is to be issued common shares of Wondr that are equivalent to a 49% stake in the company on a post-closing basis. Effectively, the transaction will see half the company taken over, while shareholders get diluted significantly from their current ownership.

With a market capitalization of C$30.46 million as of yesterday’s close, it pegs the value of the transaction at roughly $28.2 million – which is rather significant given the firms current valuation. The transaction remains subject to further due diligence and the approval by each firms respective board.

Wondr Gaming last traded at $0.185 on the CSE.


Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Wondr Gaming Closes $7.1 Million First Tranche Of Financing

Wondr Gaming Corp (CSE: WDR) last night announced that it has closed the first tranche...

Friday, January 28, 2022, 07:40:53 AM

Wondr Gaming Plans To Rebrand As Gamelancer Post-Acquisition, Ups Cash Consideration

Wondr Gaming (CSE: WDR) inked the definitive agreement on Monday regarding its previously announced plans to...

Tuesday, March 22, 2022, 05:11:00 PM