Backstageplay Inc. (TSXV: BP.H) has announced the closing of its acquisition of software, intellectual property, and related technology assets from NeXT Sports Group Inc., satisfying the CAD $180,000 purchase price entirely through the issuance of 1,800,000 common shares at a deemed price of CAD $0.10 per share. The transaction, first announced in May 2026, has received acceptance from the TSX Venture Exchange. Investors may be watching how the acquired assets support the company’s stated plans to relaunch its social gaming platform in 2026.
Key Points
- Backstageplay Inc. (TSXV: BP.H) is a British Columbia corporation listed on the NEX board of the TSX Venture Exchange.
- The company has closed its acquisition of gaming technology assets from NeXT Sports Group Inc. for CAD $180,000, paid entirely in shares.
- NeXT Sports Group now holds 1,800,000 common shares, representing approximately 6.4% of 28,187,833 issued and outstanding shares, subject to a sixteen-month contractual resale restriction with staged early releases tied to share price conditions.
- Investors may watch how integration of the acquired source code, sports data API integrations, and user databases advances the platform relaunch.
What Backstageplay Acquired from NeXT Sports Group
The acquired assets include the NeXT Game Listener and Game Simulator source code, sports data API integrations, and certain NeXT user databases. The company also received a one-year licence to additional proprietary NeXT technologies. No cash consideration was paid, no finder’s fee is payable, and the release states that no new Control Person of Backstageplay was created as a result of the transaction. The TSX Venture Exchange accepted the transaction, classifying it as a Non-Arm’s Length transaction under Exchange policies.
Non-Arm’s Length Classification and Board Governance Steps Taken
The Exchange classified the transaction as Non-Arm’s Length because Bruce Kerr, a director and President of Backstageplay, is also the Chief Executive Officer and a shareholder of NeXT Sports Group. The disclosure states that Mr. Kerr declared his interest to the board, recused himself from deliberations, and did not vote on the approval of the asset purchase agreement. The agreement was executed on behalf of Backstageplay by Scott White, Director and Chief Executive Officer. Mr. Kerr did not receive any securities or other consideration personally; shares were issued solely to NeXT.
Share Issuance, Ownership Impact, and Resale Restrictions on NeXT’s Position
Following closing, NeXT Sports Group holds approximately 6.4% of Backstageplay’s 28,187,833 issued and outstanding common shares. The release states those shares are subject to a statutory hold period and contractual resale restrictions for sixteen months from closing, with staged early releases tied to share price performance conditions. Mr. Kerr beneficially owns approximately 22.4% of NeXT’s issued and outstanding shares but does not beneficially own, or exercise control or direction over, any common shares of Backstageplay directly. The immediate share price impact was not clear from available public information.
