Gameday Group Plc entered into a share purchase agreement to acquire Prozone Limited from Esports Entertainment Group, Inc. (NasdaqCM:GMBL) for €1.8 million on February 14, 2023. Under the terms of transaction, Gameday Group will acquire Prozone Limited for an agreed value of approximately €9.5 million, but it will pay cash consideration of €1.8 million, which was calculated by deducting Prozone's known liabilities amounting to approximately €1.2 million and the additional payment of approximately €6.5 million, due by Esports to Gameday under the original share purchase agreement entered into in 2021 pursuant to which Gameday had sold Prozone to Esports. Gameday will finance the cash consideration by means of a loan of €1.8 million. The transaction is expected to close on or around 28 February 2023, subject to the satisfaction of a number of conditions set out in the share purchase agreement, including a due diligence exercise and Esports Entertainment Group, Inc. board.

Gameday Group Plc completed the acquisition of Prozone Limited from Esports Entertainment Group, Inc. (NasdaqCM:GMBL) on February 24, 2023.