kazzy
3 days ago
The elephant in the room.
The Company concluded the three months ended...
...March 31, 2024 with cash of $1,615,481 (2023 - $736,713).
...June 30, 2024 with cash of $1,010,556 (2023 - $1,794,280).
...September 30, 2024 with cash of $874,367 (2023 - $1,701,511).
kazzy
3 days ago
Company Overview from the latest MD&A.
The Company was incorporated pursuant to the Business Corporations Act (Alberta) on July 30, 1993 under the name “575161 Alberta Inc.”
On April 10, 2014, the Company amended its articles to change its name to “Galleria Opportunities Ltd.”
Effective March 13, 2017, the Company completed a reverse takeover transaction (the “Transaction”) pursuant to which QYOU Media Holdings Inc. became a wholly owned subsidiary of the Company and the security holders of QYOU Media Holdings Inc. became security holders of the Company.
QYOU Media Holdings Inc. is the entity resulting from the amalgamation of QYOU Media Inc. (as it was then called) and 2561287 Ontario Ltd. (then a wholly owned subsidiary of the Company) on March 13, 2017 as part of the Transaction.
Subsequently, on June 30, 2017, the Company’s common shares (the “Common Shares”) resumed trading on the facilities of the TSX Venture Exchange (the “TSXV”) under the symbol “QYOU”.
Following the Transaction, the Company now carries on the business of QYOU Media Inc. and its subsidiaries.
An additional wholly owned indirect subsidiary of QYOU, QYOU USA Inc. (“QYOU USA”), was established in August 2015 under the laws of the State of Delaware.
On November 16, 2017, QYOU Productions Inc. (“QYOU Productions”), a corporation established under the federal laws of Canada, was created as a wholly owned indirect subsidiary of QYOU.
On September 20, 2018, QYOU Media India Private Limited (“QYOU India”) was incorporated to serve the rapidly growing Indian market focusing on television, over-the-top (OTT) and mobile offerings targeted at the youth of India.
Effective June 1, 2020, the Company increased its ownership interest in QYOU India to 88% (June 30, 2019 – 82%). The Company received the additional interest in exchange for funding the operations of QYOU India since its inception, resulting in a decrease of the ownership interest held by non-controlling shareholders to 12% (June 30, 2019 – 18%).
In June 2022, the Company injected cash of $1,272,515 in exchange for 100% of Compulsorily Convertible Preference Shares (“CCPS”).
On June 14, 2021, the Company acquired 97% of the outstanding common shares of Chatterbox Technologies Private Limited (“Chatterbox”), an award-winning influencer marketing company based in India. During the three months ended June 30, 2022, the Company acquired an additional 1% of the shares of Chatterbox in connection with the first contingent consideration payment, resulting in a decrease of the ownership interest held by non-controlling shareholders to 2%.
Effective July 1, 2021, the Company amalgamated QYOU Media Inc. and a wholly-owned subsidiary QYOU Media Holdings Inc. into QYOU Media Inc.
On January 31, 2023, the Company subscribed newly issued common shares of Maxamtech Digital Ventures Private Limited (“Maxamtech”), an India based venture creating technology and games for the mobile gaming industry, resulting in the Company owning 51% of the issued and outstanding common shares.
kazzy
3 days ago
Brief recaps of the previous sessions:
First Thursday (EP0001 - August 2024)
- Growth of the QUSA influencer marketing business and its equivalent in India, CHTRBOX.
- Recognition for QYOU's work with Ubisoft's Assassin's Creed Mirage, which won Best Gaming Campaign from the Global Influencer Marketing Awards (https://hellopartner.com/2024/08/12/best-gaming-campaign-qyou-ubisoft)
First Thursday (EP0002 - September 2024))
- Pivot towards the scaling the creator economy side of the business (Target 10x over 12+ months).
- Expansion into emerging markets (Latin America, Middle East).
- Reduction of their burn-rate for capital intensive businesses (channels and gaming).
- First profitable quarter on an EBITDA basis since going public in 2017.
First Thursday (EP0003 - October 2024)
- Q&A session (topics: share buyback, TAMIL language broadcast, 28% real-money-gaming tax in India, social commerce integration, future foresight, Q-brand awareness)
First Thursday (EP0004 - November 2024)
- General update.
First Thursday (EP0005 - December 2024)
- Second straight profitable quarter on an EBITDA basis.
- Small minority investment in Chatterbox with secondary project attached to it.
First Thursday (EP0006 - January 2025)
- Anticipated news alluded to in prior videos postponed.
- Decision to divest a portion or more of the channels and gaming businesses.
- Interest from Indian capital market wrt CHTRBOX.
- TikTok ban in the US.
Golden Cross
5 years ago
QYOUF News Out - QYOU Media Announces Intention to Extend Warrants Expiring in October 2019
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October 15, 2019 19:15 ET | Source: QYOU Media Inc.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO and LOS ANGELES, Oct. 15, 2019 (GLOBE NEWSWIRE) -- QYOU Media Inc. (TSXV: QYOU; OTCQB: QYOUF) (“QYOU” or the “Company”) announces that it intends to extend the term of warrants that are due to expire on October 30, 2019 until March 31, 2020. These warrants were issued in connection with the Company’s short form prospectus offering completed on April 30, 2019. Under the offering, the Company issued units comprised of one common share of the Company, one-half of one common share purchase warrant (each such whole common share purchase warrant, a “10 Cent Warrant”) and a second one-half of one common share purchase warrant (each such whole common share purchase warrant, a “12 Cent Warrant”). Each 10 Cent Warrant is exercisable to purchase one common share in the capital of the Company at a price of $0.10 per 10 Cent Warrant Share until October 30, 2019. The Company intends to extend the expiry date of the 10 Cent Warrants until March 31, 2020. At this time, the Company does not intend to amend the terms of the 12 Cent Warrants.
An application has been submitted to the TSX Venture Exchange for the extension of the 10 Cent Warrants until March 31, 2020. Currently there are 19,167,625 10 Cent Warrants issued and outstanding. The proposed extension of the expiration date of the 10 Cent Warrants is subject to approval by the TSX Venture Exchange.
To the Issuer’s knowledge, an aggregate of 500,000 10 Cent Warrants are held by insiders of the Company. The extension of the 10 Cent Warrants held by insiders of the Company constitutes a “related party transaction” within the meaning of Regulation 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the amendment of the 10 Cent Warrants held by insiders of the Company is exempt from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101.
About QYOU
QYOU Media Inc. is a growing global media company that curates and packages premium content from leading digital video creators for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU’s millennial and Gen Z-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reaches more than 500 million people around the world.
Contact Information
Zoe Mumba Natasha Roberton
Platform Communications for QYOU Media VP Marketing, QYOU Media
+44 (0) 207 486 +49 152 2254 7680
qyou@platformcomms.com tash@qyoutv.com
Jeff Walker,
Investor Relations for QYOU Media
+1 403 221 0915
jeff@howardgroupinc.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein may include, but are not limited to, the extension of the 10 Cent Warrants and the approval of the TSX Venture Exchange of such extension. These forward-looking statements are based on QYOU’s current projections and expectations about future events and other factors management believes are appropriate. Although QYOU believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that the offering and the closing thereof will be consistent with these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond QYOU’s control. Additional risks and uncertainties regarding QYOU are described in its publicly-available disclosure documents, filed by QYOU on SEDAR (www.sedar.com) except as updated herein. The forward-looking statements contained in this news release represent QYOU’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. QYOU undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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