Guild Esports, a prominent esports organization based in the UK, has successfully concluded a follow-on fundraising round, raising an impressive £130,000. This fundraising endeavor involved a strategic share placing and subscription, allowing for the issuance of up to 26,000,000 new ordinary shares at the favorable price of £0.005 per share. Notably, this pricing aligns with the organization’s latest £1 million subscription by an undisclosed esports brand.
The executive management team, consisting of esteemed individuals such as CEO Jasmine Skee, SVP of Creative and Strategy Nick Westwood, VP of Commercial, Esports and Gaming Luke Jones, Director of Operations Matthew Charles, and Director of Client Services Kristina Frost, demonstrated their commitment by collectively subscribing for an aggregate total of 6,000,000 new ordinary shares at the aforementioned price of £0.005 per share. This enthusiastic participation resulted in a substantial contribution of £30,000 to further bolster Guild Esports.
Furthermore, John Lanyon, the CEO of the reputable financial institution Arkios, exhibited significant confidence in Guild Esports‘ prospects by subscribing for up to 20,000,000 new ordinary shares, making a noteworthy total contribution of £100,000. In this fundraising initiative, Arkios Limited played a pivotal role as the bookrunner to facilitate the placement.
John Lanyon’s subscription is noteworthy for its structured approach, with the first segment encompassing 10,000,000 new ordinary shares and a commendable contribution of £50,000. The second segment, also amounting to £50,000, is contingent on mutual agreement between Guild Esports and John Lanyon, with an anticipated completion date set for December 31, 2023. Additionally, the ordinary shares acquired by John Lanyon will be subject to a prudent six-month lock-in period from the issuance date of the Tranche Two Subscription Shares.
Expressing her satisfaction with the overwhelming support received, Jasmine Skee, the CEO of Guild Esports, emphasized the significance of this funding. She acknowledged it as a resounding vote of confidence in Guild’s strategic vision, solidifying the unwavering commitment of the leadership team and advisors. The additional funding, coupled with the capital injection announced last month, is poised to unlock exciting opportunities for Guild Esports. This financial boost will play a crucial role in accelerating strategic initiatives, underlining the organization’s ambition to establish itself as the world’s leading gaming-focused media brand.
Notably, Guild Esports has also recognized the valuable contributions of Special Advisor Stephen Duval and John Lanyon, awarding them warrants to subscribe for 15,000,000 and 5,000,000 ordinary shares, respectively. These warrants, priced at £0.005 per share, will remain valid for an appreciable period of three years from the date of their issuance, further reinforcing the organization’s commitment to its key stakeholders.