Overview

• Blue Ant Media will acquire all outstanding shares of Boat Rocker Media and inherit its Canadian production assets, including Insight Productions and Jam Filled Entertainment.
• The new entity, renamed Blue Ant Media Corporation, will begin trading on the Toronto Stock Exchange, pending regulatory and shareholder approvals by June 2025.
• Blue Ant shareholders will hold approximately 73.5% of the new company, while Boat Rocker shareholders will own the remaining 26.5%.
• The deal values Blue Ant shares at C$2.25, representing a 125% premium over Boat Rocker’s recent closing price, and includes a C$20M backstop commitment from Fairfax Financial Holdings.
• Blue Ant reported C$196M in revenue and C$18M in net income for fiscal year 2024, positioning the company for global growth and future acquisitions.