Monaker Group Announces Closing of HotPlay Acquisition with NASDAQ Approval for NextPlay Technologies Listing

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Monaker Group Announces Closing of HotPlay Acquisition with NASDAQ Approval for NextPlay Technologies Listing

GlobeNewswire2021-07-07

SUNRISE, FL, July 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Monaker Group, Inc. (NASDAQ: MKGI), a technology solutions company building a digital business ecosystem for digital advertisers, ...

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WTC820630
·2021-07-07
Nice
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BpchuA
·2021-07-07
B
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- fisheyyy:
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  2021-07-07
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ThomasSim
·2021-07-07
Nice nice nice, posting for tiger coins
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- OldMan69:
  wow
  2021-07-07
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- ShinChan89:
  yes
  2021-07-07
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WCH123
·2021-07-07
O
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- SC_stock:
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  2021-07-07
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- 一初心一:
  done
  2021-07-07
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(NASDAQ: MKGI), a technology solutions company building a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, is pleased to announce it has received NASDAQ approval for NextPlay Technologies listing and, that effective on June 30, 2021, closed the transactions previously contemplated by the Share Exchange Agreement entered into between the company, HotPlay Enterprise Limited (“HotPlay”) and its stockholders, by issuing 52,000,000 shares of the Company’s common stock to the HotPlay stockholders in exchange for 100% of the outstanding capital shares of HotPlay (making HotPlay a wholly-owned subsidiary of the company).\nHotPlay Enterprise Limited is a provider of in-game, AI-powered advertising technology and online-to-offline couponing solutions that are also equipped with a hyper-local insertion capability.\nMonaker plans to complete a name change to NextPlay Technologies shortly, and the company believes it is now in a position to grow by capitalizing on the synergies of our growing ecosystem of technology platforms that includes AI-powered AdTech, Digital Connected TV (with a reach to approximately 50 million end-users), travel, gaming, FinTech and cryptocurrency banking. The NextPlay ecosystem connects companies and brands to consumers across multiple interactive media channels, including Smart TVs, PCs, laptops, tablets, and smartphones.\n“Our offerings are expected to feature high-margin AdTech and blockchain solutions capable of reaching global consumers through virtually all connected devices,” stated Monaker CEO, William Kerby.\nHotPlay CEO Nithinan (Jessie) Boonyawattanapisut commented, “This transformative combination brings together HotPlay and Monaker’s recently acquired media and fintech platforms. This integration provides us with more refined and specific information about user demographics through the overlay of geographic information about their neighborhood and, in some cases, subscription choices and spending patterns. All these help us identify who should be served with which ads more accurately. We believe we are now able to make several game-changing moves to create tremendous synergies across our digital platforms and take advantage of the vast opportunities for growth and expansion we see ahead of us.”\nThe company has taken steps to change its name to NextPlay Technologies and trade under the stock symbol NXTP on NASDAQ which the company expects to occur by next week, if not sooner, with a new CUSIP: 65344G102. Current shareholders do not need to take any action regarding the name or ticker symbol change. The company’s new website at www.nextplaytechnologies.com is planned for launch by July 12, 2021.\nFurther details about the HotPlay closing will be available in an upcoming Monaker Group Form 8-K filing with the U.S. Securities and Exchange Commission and available at monakergroup.com.\nAbout Monaker Group\nMonaker Group, Inc., is an innovative technology-driven company building a next-generation enterprise through acquisition and organic growth, leveraging the strengths and channels of our existing technologies with those that we acquire, creating synergy and opportunity in the leisure space. Monaker Group plans to transform into NextPlay Technologies, an innovative global technology company focused on consumer engaging products in the video gaming and travel verticals with innovative Ad Tech, Artificial Intelligence and Blockchain solutions. For more information about Monaker Group, visit monakergroup.com and follow us on Twitter and Linkedin @MonakerGroup.\nAbout HotPlay Enterprise Limited\nHotPlay Enterprise Limited is a next generation in-game advertising (IGA) company established as a strategic collaboration from top tier professionals in the key industries of technology, multimedia, games, and entertainment. HotPlay leverages proprietary artificial intelligence to reach, engage and convert gamers by seamlessly integrating native ads and non-intrusive digital coupons redeemable through both online and offline channels. Its AdTech is built to connect advertising partners with the 2.7 billion gamers worldwide, delivering campaign performance tracking in real time. For more information, go 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nice nice, posting for tiger coins","listText":"Nice nice nice, posting for tiger coins","text":"Nice nice nice, posting for tiger 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