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Vancouver, British Columbia, Canada TheNewswire – November 11 2025 GOAT Industries Ltd. (the “Firm” or “GOAT”) (CSE: GOAT,OTC:BGTTF) (OTC: BGTTF) (FWB: 26B.F) is happy to supply a complete enterprise and operational replace concerning its anticipated acquisition goal, Supply Gaming Firm (” Supply Gaming “), a completely owned subsidiary of 1509467 BC Ltd. (” 150 BC “). As beforehand introduced, GOAT has: (i) entered right into a share alternate settlement dated September 26, 2025, pursuant to which the Firm will purchase the entire issued and excellent shares of 150 BC and, not directly, 100% of the issued and excellent shares of Supply Gaming; and (ii) entered right into a share alternate settlement dated October 16, 2025, pursuant to which the Firm will purchase the entire issued and excellent shares of Veroom, Inc. DBA Vroom (” Vroom ” and, along with 150 BC, the ” Targets “) (the ” Transaction “). This replace has been ready to supply further element concerning Supply Gaming’s construction, operations, and business agreements.
Enterprise of Supply Gaming
Supply Gaming is a Pennsylvania-based digital media and expertise firm centered on creating and commercializing superior engagement and monetization instruments for sports activities and sports-betting associated content material. Supply Gaming at present generates revenues and operates solely in the USA and Ontario, Canada. Supply Gaming’s revenues are derived from: a) subscriptions from companies and shoppers; b) promoting and sponsorship stock gross sales, c) affiliate-based revenues by attribution occasions. Supply Gaming operates the product often called BETSource and at present holds Affiliate licenses for its sports activities wagering expertise and enterprise in over 15 United States (which embrace however usually are not restricted to: New Jersey, Pennsylvania, Kansas, Michigan, Arizona, Colorado, Illinois, Wyoming, Iowa, Connecticut, New Hampshire, West Virginia, Tennessee, Louisiana, Virginia and New York) (collectively, the ” Licensed States “) and the Province of Ontario, enabling it to generate income s from attribution occasions akin to driving customers to subscribe to licensed sportsbooks. Relying on the State, revenues might be earned by mounted funds earned per buyer acquisition or as a share of income. Supply Gaming’s mannequin permits it to function nationally and in any territory with respect to its promoting and content material platform, and in States from which it has obtained applicable licenses the place its direct relationships with sportsbooks require regulatory approval.
Supply Gaming’s core product, BETSource, (i) synchronizes and integrates sports activities books and sports activities gaming interactive purposes to personalize the expertise of finish customers whereas they’re experiencing and viewing stay sports activities content material, (ii) contains contextual promoting options that present further types of monetization in stay and on-demand video content material, enabling media house owners, leagues, and casinos to boost their present income fashions and unlock new income streams, whereas offering their finish customers with a extra strong characteristic set, (iii) incorporates stay sports activities rights and distribution of stay sports activities content material into the BETSource product suite, and (iv) allows casinos to: (A) launch and handle their very own branded wagering and leisure channels; (B) goal customers with AI-driven “hyper-performance” promoting and interactive betting moments; (C) take part in localized and regional Retail Media Community fashions, incomes a share of promoting revenues; and (D) supply audiences stay, unique, and interactive sports activities content material.
In sum, by its expertise platform, Supply Gaming permits manufacturers and sportsbooks to focus on customers contextually ” inside the second ” of stay sports activities content material, mixing leisure, wagering, and customized consumer experiences.
Industrial Agreements and Know-how Framework
With respect to its business operations, Supply Gaming has entered into a number of business and expertise and stay rights and distribution administration agreements that kind the muse of its present operations. These embrace (i) licensing and subscription as a service preparations (the ” Shopper Agreements “) for the deployment of its proprietary engagement and wagering platform to a gaggle of on line casino and gaming purchasers in the USA and (ii) an association whereby it offers the BETSource product suite to a longtime live-sports streaming utility. The Shopper Agreements are for phrases of between one (1) and three (3) years. By means of these preparations, Supply Gaming earns mounted service charges and shares in promoting, subscription, and e-commerce revenues, whereas holding rights to distribute additional associated content material throughout its community.
With respect to its expertise framework, Supply Gaming licenses its platform from Supply Digital Inc. and Epoxy AI LLC and maintains partnerships with artificial-intelligence and data-science suppliers to boost viewers concentrating on, personalization, and content-recognition capabilities throughout its community. It additionally holds long-term intellectual-property and managed-services preparations granting unique commercialization rights to its core expertise platform and associated patents within the area of interactive media and sports activities betting. Collectively, these agreements place Supply Gaming as a vertically built-in supplier of interactive media expertise, content material distribution, and data-driven advertising options for the gaming and leisure industries.
BETSource Community and Market Positioning
BETSource is constructing what it believes to be a sophisticated sports activities and sports-betting content material community, which efficiently integrates synthetic intelligence, content material recognition, and interactive engagement applied sciences. The Firm’s U.S. operations are carried out by Supply Gaming, which holds Affiliate Classification Licenses issued by the related state regulators in every of the Licensed States. All licenses are at present energetic and in good standing and are renewed on an annual foundation.
The community is purpose-built for casinos, each on-premises and cell, and is designed to ship a seamless, immersive consumer expertise that mixes stay sports activities, customized wagering, and dynamic promoting. Particularly, the technique is especially centered on the U.S. tribal on line casino market.
Monetary Overview and Operations
Supply Gaming has been actively working since 2021. Primarily based on unaudited monetary info obtained by the Firm throughout its due diligence, as of October 31, 2025, Supply Gaming’s income base consists primarily of fixed-fee service earnings and technology-licensing income, offset by integration, AI growth, and professional-services bills. Supply Gaming has additionally not too long ago initiated a number of casino-network activations and promoting campaigns, which it expects to expects to contribute to its revenues in 2026.
Vroom
Veroom, Inc. DBA Vroom (” Vroom “) serves because the devoted gross sales and advertising division for Supply Gaming and the BETSource community. On this, Vroom is answerable for associate acquisition, promoting gross sales, affiliate sportsbook integrations and casino-facing advertising initiatives, appearing as a bridge between Supply Gaming’s expertise and business deployment, coordinating with casinos, sportsbooks, and streaming companions to drive adoption and income progress. To take action, Vroom’s staff leverages deep trade relationships throughout media, gaming, and promoting expertise, offering direct entry to manufacturers and casinos searching for to monetize stay sports activities content material. Vroom .
Vroom is a not too long ago structured firm centered on deploying assets to drive enterprise growth and income progress, with each member of the staff holding an fairness stake in Vroom. Such staff consists of extremely tenured and skilled professionals from established leisure, tech and on line casino and monetary companies corporations. By means of their collective possession of Vroom (which can change into possession of the Firm in addition to possession of efficiency warrants of the Firm, following completion of the Transactions), Vroom’s shareholders are and can proceed to be primarily compensated by sweat fairness, aligning their pursuits with the success of the BETSource enterprise. Vroom doesn’t at present maintain any licenses, patents, or registered mental property and has no materials working historical past thus far.
The Firm would additionally prefer to verify that earlier references in its information releases to “Veroom LLC.” had been incorrect. The right entity title is Veroom, Inc., which, as described above, is the gross sales and advertising arm of Supply Gaming’s BETSource platform.
Voting Belief Settlement
In reference to the Transaction, the shareholders of 150 BC and Vroom (collectively, the ” Shareholders “) will enter right into a voting belief settlement (the ” Voting Belief Settlement “) such that, all Shareholders voting rights can be assigned to a trustee chosen by GOAT’s administration, who will train these voting rights in accordance with administration’s suggestions. Because of this, whereas the Shareholders will collectively maintain a majority of the Firm’s frequent shares, they won’t have voting management till such time as GOAT’s administration consents to dissolve the Voting Belief Settlement.
Strategic Alignment with GOAT’s Funding Mandate
The acquisition of the Targets is in line with GOAT’s enterprise mannequin as an funding issuer centered on figuring out and investing in alternatives throughout rising expertise, digital media, and data-driven industries. The Targets (and not directly Supply Gaming) represents a strategic growth of GOAT’s funding portfolio into the quickly rising sports activities, leisure, and interactive expertise sectors.
Along with the Transaction, GOAT continues to judge and pursue different potential transactions and funding alternatives that align with its mandate to amass minority or controlling pursuits in modern corporations throughout diversified sectors. The Firm continues to assessment investments in companies engaged in expertise, useful resource exploration, and digital media, with the target of constructing a balanced portfolio that delivers shareholder worth by each energetic and passive funding positions.
Market Knowledge
The Firm needs to make clear that references in its earlier information releases to the variety of tribal casinos and the dimensions of that market had been based mostly on preliminary estimates. Based on the Nationwide Indian Gaming Fee (” NIGC “) , the U.S. tribal gaming trade includes 532 gaming operations throughout 29 states , producing roughly US $43.9 billion in gross gaming income in fiscal 2024 (supply: NIGC, July 2025 ). The broader U.S. business gaming sector , together with each tribal and non-tribal operations, generated an estimated US $72 billion in whole income in 2024 (supply: American Gaming Affiliation, State of the States 2025 ). The sports activities betting section , spanning each tribal and non-tribal markets, stays tough to quantify because of the mixture of regulated, grey-market, and unregulated exercise , and estimates are topic to alter as further states legalize wagering and tribal markets broaden into the sports activities betting sector .
Transaction Consideration
The consideration and variety of shares for the Transactions had been decided by arm’s size negotiations between the events, knowledgeable by market comparables inside the gaming expertise and affiliate media sectors. Administration of the Firm views the Transactions collectively as a flagship strategic acquisition, designed to ascertain a place within the rising sports-gaming affiliate house, and subsequently agreed to phrases that mirrored Supply Gaming’s progress trajectory, licensing place, and business potential inside the public-market context.
The Firm additionally notes that, whereas 150 BC solely not too long ago acquired its curiosity in Supply Gaming and the value paid by 150 BC for such curiosity was considerably lower than the deemed worth for which the Firm proposes to amass 150 BC, the distinction in such consideration appropriately displays the business dynamics and intent underlying every transaction. The sooner 150 BC acquisition of Supply Gaming transaction was accomplished in a personal firm context whereas Supply Gaming was searching for to commercialize its platform and, accordingly, prioritized the institution of a key buyer relationship and near-term liquidity over basic valuation. In distinction, the 150 BC sale to GOAT was negotiated after Supply Gaming had demonstrated operational progress and positioned itself for a public-market transaction, leading to a valuation aligned with its enterprise prospects, market comparables and a public firm valuation premium.
The allocation of approx. 54.4 million shares to 150 BC and 15.6 million shares to Vroom was decided by arm’s size discussions between the events, taking into consideration the relative maturity and business function of every enterprise inside the mixed construction. BCCo represents the affiliate operations and licensing footprint, whereas Vroom contributes the expansion and commercialization platform—together with key personnel, media relationships, and enterprise growth infrastructure. The events believed that the cut up displays a view of present tangible worth versus ahead contribution, in line with comparable early-stage consolidations within the gaming and affiliate expertise sectors.
ABOUT GOAT INDUSTRIES LTD.
GOAT is an funding issuer centered on investing in high-potential corporations working throughout quite a lot of industries and sectors. The aim of the Firm is to generate most returns from its investments.
For extra details about the Firm, please go to https:// www.goatindustries.co/ . The Firm’s remaining prospectus, monetary statements and administration’s dialogue and evaluation, amongst different paperwork, are all out there on its profile web page on SEDAR+ at www.sedarplus.ca .
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Government Officer Kevin Cornish
Head Workplace Suite 2300, 550 Burrard Road, Vancouver, BC V6C 2B5 Phone 1-204-801-3613
Web site www.goatindustries.co
E mail information@goatindustries.co
The CSE and Info Service Supplier haven’t reviewed and doesn’t settle for accountability for the accuracy or adequacy of this launch.
Ahead-Trying Info
This information launch incorporates “forward-looking info” inside the that means of relevant Canadian securities laws. Typically, forward-looking info might be recognized by way of forward-looking terminology akin to “plans”, “expects” or “doesn’t anticipate”, “is predicted”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure acts, occasions or outcomes “might”, “might”, “would”, “would possibly” or “can be taken”, “happen” or “be achieved”. Ahead-looking info is topic to recognized and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm, because the case could also be, to be materially completely different from these expressed or implied by such forward-looking info. Though the Firm has tried to establish vital elements that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such info will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking info. Precise outcomes and developments might differ materially from these contemplated by these statements relying on, amongst different issues, the additional growth and commercialization of the BETSource product and software program suite, business relationships of BETSource and different elements that will influence the enterprise of GOAT and BETSource on a go-forward foundation. The Firm doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines.
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