TORONTO, September 16, 2022 /CNW/ – Swarmio Media Holdings Inc. (CSE: SWRM) (OTC: SWMIF) (GR: U5U) (“Swarmio” or “the Company”), a technology company focused on the global deployment of its proprietary subscription game and esports platform, announces that it has renewed its investor relations agreements with Sophic Capital and issued RSUs and options to employees and consultants.
“Given Swarmio’s accomplishments, telco adoption of our low-latency platform, and our extensive roadmap to grow the company, our investor communications strategy will become more imperative to ensure that the investment and financial market community recognizes our progress,” said Vijai Karthigesu, CEO of Swarmio Media. “With our first deployments now behind us and several more underway, we believe we will have much more to communicate to investors and the industry over the coming months and quarters. We are also ensuring that our employees are aligned with the shareholders and also issued RSUs and options to our most valuable asset – our people.”
Swarmio’s commitment with Sophic Capital is for a period of 12 months, on the basis of a fee-for-service of $10,000 per month. In addition, Swarmio granted Sophic 500,000 Swarmio stock options at a price of $0.10 per share. The options will vest in equal installments quarterly over 12 months and will have a term of three years.
Swarmio also announces that it has granted incentive stock options to directors, officers, employees and consultants of the company to purchase a total of 2,285,000 shares of the company’s capital. These options allow the holder to buy the shares at $0.10, subject to the provisions of the Company’s stock option plan. The Company also issued 1,000,000 PSUs to directors, officers and employees.
About Sophic Capital
Sophic Capital is a capital markets advisory firm for public and private growth companies, specializing in the development of comprehensive capital markets strategies for companies at all stages of development. Sophic Capital’s deep knowledge of the technology sector, cleantech and special situations markets, combined with decades of experience working in capital markets, makes it an ideal partner to help reduce the cost of capital and accelerate growth. For more information, visit www.sophiccapital.com.
About Swarmio Media
Swarmio Media (CSE: SWRM; OTC: SWMIF; GR: U5U) is a technology company focused on deploying its proprietary end-to-end gaming and esports platform, Ember, which enables telecom operators to monetize their gaming clients. Swarmio has engaged with several telecom carriers who have launched Ember as an add-on service, allowing subscribers to access tournaments, engage in a localized gaming community, challenge friends and influencers, and earn points that can be used to purchase in-game content. Ember is powered by Swarmio’s patented Latency-Optimized Edge Cloud (‘LEC’) technology, which reduces lag and allows gamers to enjoy an optimized gaming experience .
About Ember by Swarmio
Swarmio’s fully managed plug-and-play Ember platform can be quickly and seamlessly integrated with major telecom operations, enabling telecom operators to engage and monetize gaming subscribers and gain immediate access and significant to 200 billion US dollars game market.
Ember provides a proprietary digital hub for gaming communities, allowing gamers access to an ultra-low latency gaming experience, competitive challenges and tournaments, exclusive gaming content, managed communities, a gamification and points system, an online store (Swarmio Store), an e-gamer wallet (Swarmio Pay) and personalized digital content.
For more information, please visit:
Swarmio Investor Website ( https://swarmio.media/investors )
Swarmio on LinkedIn ( https://www.linkedin.com/company/swarmiomedia )
Swarmio on Twitter ( https://twitter.com/SwarmioMedia )
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “anticipates”, “expects” or “does not expect”, “is expected”, “estimates”, ” intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or declare that certain actions, events or results “might”, “could”, “would “, “could” or “would” be taken, occur or be affected. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Swarmio’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. prospective. Examples of such statements include expected benefits to Swarmio’s customers from using Swarmio’s platform, Swarmio’s expectations for revenue growth and revenue timing, expectation of platform deployment -shape of Swarmio in new regions and with new customers, the intended use of the proceeds of the financing and the possibility of raising additional funds. Different customers can derive different benefits from pursuing Swarmio’s platform. Swarmio’s revenues may not increase and its platform may not be adopted by new customers or in new regions for many reasons beyond Swarmio’s control. Circumstances may require or make it desirable for Swarmio to use the proceeds of the offer for purposes different from those described above. Additional financing may not be available on terms favorable to the Company, if at all. Failure to obtain additional financing could prevent the Company from incurring expenditures that may be necessary to implement the Company’s growth strategy and develop or maintain the Company’s business. The forward-looking statements included in this press release are made as of the date of this press release, and Swarmio undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. in applicable securities requires it. .
SOURCESwarmio Media Holdings Inc.
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