Tiidal Gaming Group Corp. (CNSX:TIDL) announced that the board of directors of the company (the "Board") have completed a strategic review of the Company's strategic direction and operations in an effort to maximize shareholder value (the "Review"). Following this Review, the Board has determined that it is in the best of interests of the Company to focus its efforts and resources exclusively on its Sportsflare technology division ("Sportsflare") and embark on the process of divesting its competitive esports team assets (the "Divestiture").

Upon completion of the Divestiture, the sole business of the Company will be Sportsflare, and in connection with the proposed Divestiture, the Company anticipates that shareholders will be asked to consider and approve a change of the Company's name to "Sportsflare Ltd." (the "Name Change") at its next annual general and special meeting of shareholders expected to be held in the fourth quarter of 2022.