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X1 Esports & Entertainment Begins Public Trading

On June 29th, X1 Esports & Entertainment announced the company would begin trading shares of stock on the Canadian Securities Exchange starting on June 30th. X1 will trade shares under the ticker symbol “XONE”.

This comes after the company completed an initial public offering that brought in over $3.1 million. The offering, which was completed on May 19th, 2022, saw the organization sell 6.9 million units of stock at a price of $0.45 per share.

“We could not be more proud of our organization in reaching this milestone of listing on the Canadian Securities Exchange,” said X1 CEO Mark Elfenbein. “In addition to our existing assets, there is a great opportunity to acquire companies within the games and creator economy markets that we believe can benefit tremendously from being a part of the X1 ecosystem.”

X1 Esports is a Vancouver, Canada-based media and gaming portfolio company. The organization is currently working on expanding its gaming and entertainment portfolio via a combination of organic growth as well as M&As.

(All information was provided by Digital Journal and LinkedIn)

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