New Wave Esports Hires New Financial Advisor

As a growing wave of fledgling eSports companies seek financing to get off the ground and go public, competitive gaming investment group New Wave Esports Corp. today brings on a new advisor.

Capital markets advisor Clayton Fisher — who has previously worked as a financial advisor for companies such as Canaccord Genuity, Raymond James Ltd, and Think Technologies Corp. — has officially joined the New Wave board of directors.

In exchange for joining the board and meeting performance milestones, Fisher was issued 650,000 common shares of the company as well as 350,000 restricted shares, which can’t be traded until March of next year.

New Wave just recently beginning to trade on the Canadian Stock Exchange, and had a restricted share plan approved by shareholders last month.

Discussing this latest addition to the New Wave team, Chief Executive Officer Daniel Mitre commented:

We are thrilled to welcome Clayton to the New Wave Esports family. Clayton brings a sophisticated understanding of the technology sector, a vital component in eSports and competitive gaming, and his leadership will be essential as we provide working capital and corporate advisory services to our existing and future portfolio companies. 

New Wave currently partners with or has a stake in both eSports teams and tech companies such as Thunderbolt CDG, PlayLine, Even Matchup Gaming, and Tidal Gaming.

That latter company notably owns and operate Lazarus Esports, which won 2nd in the Duo Finals and 4th place in the Solo Finals for the Fortnite World Cup.

The world champion series of Fortnite was broadcast via outlets such as Twitch and YouTube last month as competitive game streaming continues to see a major upward trend each year with hundreds of millions of additional hours viewed so far in 2019.

That popular battle royale title also just recently re-launched with the updated “Chapter 2” version, which included major changes to the Fortnite map and a host of new gameplay additions like vehicles, fishing, and a streamlined weapon load out.

Aside from those tweaks to the gameplay, the competitive eSports side of Fortnite has continued on, with the first season of the new Cash Cup now live for any player to join.

The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Capital 10X hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.

Ty Arthur
Ty Arthur has spent the last decade of his journalism career covering everything from cutting-edge tech to local news through outlets such as the Houston Chronicle. He has focused on the counterculture aspects of society, from marijuana legalization to underground music through Metalunderground.com and rapidly changing trends in the entertainment industry. He lives in the cold, dark north with his wife and son. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.

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