Vertiqal Studios Finalizes Acquisition of Omnia Media and Luminosity from Enthusiast Gaming
Vertiqal Studios (TSX: VRTS) has completed its acquisition of Omnia Media and Luminosity from Enthusiast Gaming Holdings Inc. The transaction includes direct media sales assets, intellectual property, platform infrastructure, and user data for a cash consideration of C$900,000, funded through a promissory note with 14% initial interest rate.
The acquisition strengthens Vertiqal's digital presence across major platforms, combining Omnia's YouTube network and Luminosity's Twitch presence with Vertiqal's existing social media reach. The company also announced key management changes, including Saad Hussaini's promotion to SVP of Brand Partnerships, Bob Lonigro's appointment as Head of Sales, and the departure of CRO Pamela Glassman. Additionally, Kevin Moriarty and Raz Romanescu have resigned from the Board of Directors.
Vertiqal Studios (TSX: VRTS) ha finalizzato l'acquisizione di Omnia Media e Luminosity da Enthusiast Gaming Holdings Inc. L'operazione comprende asset di vendita media diretta, propriet脿 intellettuale, infrastruttura di piattaforma e dati utenti ed 猫 stata perfezionata per un corrispettivo in contanti di C$900.000, finanziato tramite una nota promisoria con un tasso di interesse iniziale del 14%.
Questa acquisizione rafforza la presenza digitale di Vertiqal sulle principali piattaforme, integrando la rete YouTube di Omnia e la presenza su Twitch di Luminosity con l'attuale portata social di Vertiqal. La societ脿 ha inoltre comunicato cambiamenti chiave nella direzione: la promozione di Saad Hussaini a SVP of Brand Partnerships, la nomina di Bob Lonigro a Head of Sales e l'uscita della CRO Pamela Glassman. Infine, Kevin Moriarty e Raz Romanescu si sono dimessi dal consiglio di amministrazione.
Vertiqal Studios (TSX: VRTS) ha cerrado la adquisici贸n de Omnia Media y Luminosity a Enthusiast Gaming Holdings Inc. La transacci贸n incluye activos de ventas directas de medios, propiedad intelectual, infraestructura de la plataforma y datos de usuarios por un pago en efectivo de C$900,000, financiado mediante un pagar茅 con una tasa de inter茅s inicial del 14%.
La adquisici贸n refuerza la presencia digital de Vertiqal en las principales plataformas, combinando la red de YouTube de Omnia y la presencia en Twitch de Luminosity con el alcance en redes sociales ya existente de Vertiqal. La compa帽铆a tambi茅n anunci贸 cambios importantes en la direcci贸n, entre ellos la promoci贸n de Saad Hussaini a SVP of Brand Partnerships, la designaci贸n de Bob Lonigro como Head of Sales y la salida de la CRO Pamela Glassman. Adem谩s, Kevin Moriarty y Raz Romanescu han dimitido del consejo de administraci贸n.
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Vertiqal Studios (TSX: VRTS) a finalis茅 l'acquisition d'Omnia Media et de Luminosity aupr猫s d'Enthusiast Gaming Holdings Inc. La transaction comprend des actifs de vente m茅dia directe, la propri茅t茅 intellectuelle, l'infrastructure de la plateforme et des donn茅es utilisateurs pour une contrepartie en esp猫ces de 900 000 C$, financ茅e par un billet 脿 ordre portant un taux d'int茅r锚t initial de 14%.
Cette acquisition renforce la pr茅sence num茅rique de Vertiqal sur les principales plateformes, en combinant le r茅seau YouTube d'Omnia et la pr茅sence Twitch de Luminosity 脿 la port茅e sociale d茅j脿 existante de Vertiqal. La soci茅t茅 a 茅galement annonc茅 des changements importants dans la direction, notamment la promotion de Saad Hussaini au poste de SVP of Brand Partnerships, la nomination de Bob Lonigro comme Head of Sales et le d茅part de la CRO Pamela Glassman. Par ailleurs, Kevin Moriarty et Raz Romanescu ont d茅missionn茅 du conseil d'administration.
Vertiqal Studios (TSX: VRTS) hat die 脺bernahme von Omnia Media und Luminosity von Enthusiast Gaming Holdings Inc. abgeschlossen. Die Transaktion umfasst Direktvertriebs-Media-Assets, geistiges Eigentum, Plattform-Infrastruktur und Nutzerdaten und wurde gegen eine Barzahlung von C$900.000 vollzogen, finanziert durch eine Schuldanerkennung mit einem anf盲nglichen Zinssatz von 14%.
Die 脺bernahme st盲rkt Vertiqals digitale Pr盲senz auf den wichtigsten Plattformen, indem Omnias YouTube-Netzwerk und Luminositys Twitch-Aktivit盲ten mit der bestehenden Social-Media-Reichweite von Vertiqal kombiniert werden. Das Unternehmen gab au脽erdem personelle Ver盲nderungen auf F眉hrungsebene bekannt: die Bef枚rderung von Saad Hussaini zum SVP of Brand Partnerships, die Ernennung von Bob Lonigro zum Head of Sales sowie den Weggang der CRO Pamela Glassman. Zus盲tzlich haben Kevin Moriarty und Raz Romanescu von ihren Sitzen im Board of Directors zur眉ckgetreten.
- None.
- High-interest promissory note at 14% initially, increasing to 24% after 60 days
- Assumption of existing liabilities and employee obligations from acquired entities
- Loss of two board members and departure of Chief Revenue Officer
Announces Changes to Management and Board of Directors
Toronto, Ontario--(Newsfile Corp. - September 2, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal", "Vertiqal Studios" or the "Company") — Vertiqal Studios, a leading digital-channel network and video and content production studio, as well as the owners of North America's largest gaming and lifestyle network on social media, today announced that it has completed its acquisition of Omnia Media and Luminosity, along with related assets, from Enthusiast Gaming Holdings Inc.
As previously disclosed, Vertiqal is acquiring Omnia and Luminosity, as well as all associated rights, title, and interest in Enthusiast Gaming's direct media sales assets, including intellectual property, platform infrastructure, user data, web properties, and ancillary components necessary to operate and monetize the assets. The transaction also includes all issued and outstanding common shares of Omnia Media Inc. and Gameco Canada Inc.
Vertiqal is acquiring these assets for cash consideration of C
"Our owned-and-operated digital communities are scaling across every major social and streaming platform," said Jon Dwyer, Chairman & CEO of Vertiqal Studios. "Omnia's YouTube network and Luminosity's premier Twitch presence, combined with our scale across TikTok, Instagram, and Snapchat, position us to deliver fully integrated campaigns for brand partners and expand our premium programmatic guaranteed offerings."
Vertiqal also announced the elevation of Saad Hussaini, the Company's current Head of Brand Partnerships, to Senior Vice President, Brand Partnerships. In this expanded role, Mr. Hussaini will continue to lead Vertiqal's relationships with leading global advertisers while taking on broader responsibility for scaling the Company's brand-partnerships division. In addition, Bob Lonigro has been appointed as Head of Sales, bringing extensive experience in media sales and client strategy to drive Vertiqal's next phase of revenue growth. Pamela Glassman, Chief Revenue Officer, will be departing the Company. Vertiqal extends its most sincere thanks to Ms. Glassman for her leadership, dedication, and the transformative impact she had on the Company's sales organization and culture.
Lastly, Vertiqal has announced the resignation of Kevin Moriarty and Raz Romanescu from the Company's Board of Directors. The Company thanks them for their valuable service and contributions to Vertiqal's growth and governance.
"I'm committed to the long-term success of Vertiqal Studios, and Jon Dwyer, Max Desmarais, and their management team have my full trust. My other business endeavours and personal life preclude me from continuing serving on the Board of Directors, but as a shareholder I am long all things Vertiqal Studios and look forward to watching future growth as a shareholder." - Razvan Romanescu
About Vertiqal Studios
Vertiqal Studios, owners of North America's largest gaming and lifestyle network on social media, is a leading digital-channel network and video and content production studio. The company specializes in the creation and distribution of viral videos for brands and advertisers to create always-on digital strategies that live authentically in Gen Z and Millennial culture. Vertiqal Studios partners with leading brands to develop strategic solutions, creative ideation, and content production, while also providing distribution and amplification through its Owned & Operated channels — all delivered with boutique, white-glove service. Its expertise lies with managing over 140 channels across TikTok, Instagram, and Snapchat, while producing over 100+ pieces of content a day for a growing audience of 52 million-plus followers. For more information and to join our email subscriber list for direct press releases and newsletters, visit .
For media inquiries, please contact:
Jon Dwyer
Chairman and Chief Executive Officer
+1 (416) 627-8868;
Email: [email protected];
Investor Relations Email: [email protected]
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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FAQ
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