Breaking Data Corp.’s $5 Million Subscription Receipt Financing


Wildeboer Dellelce LLP acted for the agents in connection with the Offering

Breaking Data Corp. (“Breaking Data”) completed the second tranche of a private placement (the “Offering”) of subscription receipts for aggregate gross proceeds of $1 million. Together with the first tranche of the Offering, which closed on March 17, 2017, Breaking Data has issued an aggregate of 12.5 million subscription receipts for aggregate gross proceeds of $5 million.

The Offering was completed in connection with a reverse-takeover of Breaking Data by Sports New Media Holdings Limited, the owner of GiveMeSport, a leading next generation sports media company. Clarus Securities Inc. and Haywood Securities Inc. acted as agents in respect of the Offering.

Wildeboer Dellelce LLP acted for the agents in connection with the Offering with a team that included Perry Dellelce (Picture), Patrick Magee, Ragu Anantharajah and Amir Torabi (corporate/securities).

Involved fees earner: Perry Dellelce – Wildeboer Dellelce LLP; Patrick Magee – Wildeboer Dellelce LLP; Ragu Anantharajah – Wildeboer Dellelce LLP; Amir Torabi – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: Clarus Securities Inc.; Haywood Securities Inc.;

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Author: Ambrogio Visconti