Midnight Gaming Corporation entered into a non-binding term sheet to acquire TGS Esports Inc. (TSXV:TGS) for CAD 18.82 million on January 26, 2023. It is proposed that Mr. Khouri will serve as CEO of Midnight while Mr. McGraw will serve as Executive Chairman. Both Mr. Khouri and Mr. McGraw will serve on the Board of Directors. Completion of the transaction is subject to a number of conditions due diligence period expiring 120 days from the date of the Term Sheet, subject to shareholder approval and Exchange acceptance and if applicable. It is expected that upon completion of the Transaction Midnight will pursue a listing on the Nasdaq stock exchange.

Midnight Gaming Corporation cancelled the acquisition of TGS Esports Inc. (TSXV:TGS) on July 10, 2023.