Blue Ant Media Acquires Boat Rocker, Plans Reverse IPO

Blue Ant Media has announced plans to go public on the Toronto Stock Exchange through a reverse takeover of Boat Rocker Media, acquiring several of its production assets, including Insight Productions and Jam Filled Entertainment. The deal will allow Blue Ant's shareholders to own approximately 73.5% of the new entity, which will be renamed Blue Ant Media Corporation, while Boat Rocker shareholders will retain the remaining stake. The transaction is valued at a premium of 125% to Boat Rocker's recent share price. Blue Ant generated CAN$196 million in revenue in its last fiscal year and aims for long-term value creation post-IPO. Following the deal, Boat Rocker’s leadership will conduct a management buyout of its studio operations, maintaining its branding under a new company. The transaction is subject to customary closing conditions and regulatory approval.