Thunderbird Entertainment Group Reports Fiscal 2023 Q2 Results
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星期四, 二月 23, 2023
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Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (Thunderbird or the Company) today announced its financial results for fiscal Q2 2023, which ended December 31, 2022, and provided a corporate update.
Key Points:
- Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (Thunderbird or the Company) today announced its financial results for fiscal Q2 2023, which ended December 31, 2022, and provided a corporate update.
- On January 19, 2023, Thunderbird announced that it had entered into a Cooperation Agreement with Voss Capital LLC (the Cooperation Agreement).
- Thunderbird expects to incur additional proxy contest expenses of approximately $1.8 million, including Cooperation Agreement expenses, for the three months ended March 31, 2023.
- As a result of this unexpected delay the Company is no longer anticipating the second half of fiscal 2023 to be its strongest of the year and is anticipating a lower Adjusted EBITDA in fiscal 2023 compared to fiscal 2022.