OverActive Media Secures $500,000 in Debt Financing to Boost Operations
OverActive Media Announces Second Closing of Secured Debt Financing
Image: Benzinga
OverActive Media Corp., a Toronto-based esports and entertainment company, has closed a secured debt financing round, raising $500,000. This financing adds to a prior $1.95 million secured on April 30, bringing total proceeds to approximately $2.45 million. The funds will support general working capital needs.
- 01The recent financing involves a secured promissory note with a term of twenty-three months and an interest rate of 12% per annum.
- 02OverActive Media has issued 2,500,000 common share purchase warrants as part of the financing deal.
- 03The financing is secured by the accounts receivable of OverActive Media and its subsidiaries, OAM LEC S.L.U. and Team Randomk Esports S.L.
- 04Each warrant has an exercise price of C$0.20 and a term of twenty-three months, subject to a four-month resale restriction.
- 05OverActive Media operates esports franchises and an AI-driven content platform, ActiveVoices.
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OverActive Media Corp. has successfully completed a secured debt financing round, raising $500,000 in gross proceeds, which complements a previous financing of approximately $1.95 million completed on April 30, 2026. This brings the total financing proceeds to around $2.45 million. The financing will be utilized for general working capital purposes. The secured promissory note issued has a term of twenty-three months and carries an interest rate of 12% per annum, with all accrued interest payable at maturity. Additionally, the financing includes 2,500,000 common share purchase warrants with an exercise price of C$0.20, also valid for twenty-three months. These warrants are subject to a four-month resale restriction according to the policies of the TSX Venture Exchange. OverActive Media, headquartered in Toronto, operates esports franchises and runs ActiveVoices, a platform for content localization and monetization.
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The financing will enhance OverActive Media's operational capabilities, potentially leading to increased job opportunities and growth in the esports sector.
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