SUNRISE, FL, July 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital native ecosystem for finance, digital advertisers, and video gamers, reported results for the first
quarter of fiscal 2023 ended May 31, 2022.
On June 28, 2022, NextPlay announced it entered into definitive agreements to sell its travel business, NextTrip Group, LLC (NextTrip), and its 51% ownership of Reinhart Digital TV (the
owner of Zappware) to TGS Esports Inc., an esports tournament solutions provider. Closing of the transaction remains subject to various conditions, including (without limitation) regulatory
approvals and approval of certain related matters by TGS’ shareholders, and is expected to occur in the second half of this calendar year. The sale, if and when consummated, is expected to unlock
shareholder value, improve cash flow…
