Gamer Pakistan, a pre-revenue organizer of esports events in Pakistan, raised $7 million by offering 1.7 million shares at $4, the low end of the range of $4 to $5.
Concurrently, selling shareholders registered 1.7 million shares, which may be offered and sold from time to time.
Gamer Pakistan states that it is a development-stage interactive esports event promotion and product marketing company. The company is initially focused on creating men's and women's college, inter-university, and professional esports events, particularly with colleges and universities in Pakistan. Gamer Pakistan has not generated any revenues to date.
Gamer Pakistan plans to list on the Nasdaq under the symbol GPAK. WestPark Capital acted as sole bookrunner on the deal.
