Enthusiast Gaming Completes Public Offering of Common Shares

Paul, Weiss represented the underwriters in Enthusiast Gaming Holdings Inc.’s inaugural U.S. public offering of common shares. Enthusiast Gaming is a leading media and content platform for video game and e-sports fans to connect and engage worldwide. The company issued 8,000,000 common shares of the company at a price of $5.75 per share, and plans to use the net proceeds of the offering to strengthen its financial position, inclusive of future acquisitions, working capital, repayment of indebtedness and other general corporate purposes.

RBC Capital Markets and Canaccord Genuity acted as joint lead bookrunning managers, with B. Riley Securities acting as joint bookrunner.

The Paul, Weiss team included corporate partner Christopher Cummings and tax partner David Mayo.