Blue Ant Media to Go Public via Reverse Takeover of Boat Rocker Media

The deal will see Blue Ant Media listed on the Toronto Stock Exchange, with shareholders owning a majority stake in the newly formed company.

Blue Ant Media will acquire all outstanding shares of Boat Rocker Media and inherit its Canadian production assets, including Insight Productions and Jam Filled Entertainment.
The new entity, renamed Blue Ant Media Corporation, will begin trading on the Toronto Stock Exchange, pending regulatory and shareholder approvals by June 2025.
Blue Ant shareholders will hold approximately 73.5% of the new company, while Boat Rocker shareholders will own the remaining 26.5%.
The deal values Blue Ant shares at C$2.25, representing a 125% premium over Boat Rocker’s recent closing price, and includes a C$20M backstop commitment from Fairfax Financial Holdings.
Blue Ant reported C$196M in revenue and C$18M in net income for fiscal year 2024, positioning the company for global growth and future acquisitions.