/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
The proceeds from the Offering are expected to be used for general working capital. Insiders of the Company are leading participation in the Offering. Finder's fees may be payable in connection with the Offering in accordance with the policies of the
All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.
None of the securities to be issued in connection with the Offering will be or have been registered under
About
Pepper is a next generation esports platform that makes it possible to create and manage player communities, spectators, sponsors, and brands—all in one place. By working closely with and listening to event organizers, tournament operators, and live venue operators over the last two years, Pepper has developed a unique product that connects leaders in esports to their audience and helps them grow leaner, faster, and smarter businesses.
TGS also owns Volcanic Media, an organization hyper focused on scholastic esports. Volcanic provides events, leagues, and educational curriculums to High Schools and Universities. TGS is owner and operator of
On behalf of the Board of Directors
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Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including with respect to: the Offering, the proceeds of the Offering, insider participation in the Offering and the use of the proceeds of the Offering. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: that the Ordering may not be completed as set out herein, that the requisite approvals for the Offering may not be received, the unknown magnitude and duration of the effects of the COVID-19 pandemic and other risks that are customary to transactions of this nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
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SOURCE
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