OpenGate Capital, LLC signed a definitive agreement to acquire Player One Amusement Group Inc. from Cineplex Inc. (TSX:CGX) for approximately CAD 160 million on November 22, 2023. The consideration is subject to certain closing adjustments. The Transaction is expected to close in the first quarter of 2024 and is subject to regulatoryapprovals and other customary closing conditions. Scotiabank and TD Securities are serving as financial advisors to Cineplex, and Goodmans LLP is serving as the Company?s legal advisor in connection with the Transaction. Houlihan Lokey, Inc. acted as financial advisor for OpenGate Capital, LLC.

OpenGate Capital, LLC completed the acquisition Player One Amusement Group Inc. from Cineplex Inc. (TSX:CGX) on February 1, 2024.