Backstageplay completes CAD 180,000 gaming tech asset acquisition from NeXT Sports Group

Reuters2026/08/24 12:32

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Backstageplay closed its acquisition of software, IP, and related gaming technology assets from NeXT Sports Group under a May 19, 2026 agreement.
Consideration set at CAD 180,000, paid via 1,800,000 common shares issued at CAD 0.10; no cash paid.
Assets include NeXT Game Listener and Game Simulator source code, sports data API integrations, user databases, and a one-year technology license.
Deal classified as non-arm’s length due to director and president Bruce Kerr’s role at NeXT; he recused from board deliberations.
NeXT now holds 1,800,000 shares, about 6.4% of 28,187,833 outstanding; shares carry statutory hold, 16-month resale limits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Backstageplay Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608240830NEWSFILECNPR____20260824_310945_1) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Backstageplay completes CAD 180,000 gaming tech asset acquisition from NeXT Sports Group

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