Swarmio Listing Spurred by Venture Gap

When video game technology company Swarmio Media filed a prospectus last month to go public on the Canadian Securities Exchange, it bucked convention by tapping public markets at a much earlier stage than most companies.

Now, CEO Vijai Karthigesu says the move was spurred by a growing appetite for small-cap stocks from Canadian investors and a dearth of Series A venture capital funding.

Swarmio will list on the CSE via a reverse acquisition of a holdings company, in a deal that will net it $5 million in equity funding -- about the same amount as a typical Series A VC round.

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