Enthusiast Gaming Holdings Inc. has signed a binding letter of intent with Vertiqal Studios Corp. to sell its Direct Sales Business Line for C$900,000. The transaction includes assuming liabilities of approximately US$2.6 million and is expected to close on September 5, 2025. Enthusiast Gaming focuses on digital properties like U.GG and PocketGamer to generate revenue from advertising and events. The company cautions investors about forward-looking statements and risks associated with economic conditions and regulatory approvals. The TSX Exchange does not endorse the accuracy of this announcement.

Read more at GlobeNewswire: Enthusiast Gaming Announces Updates on Divestment of Direct