Simplicity Esports and Gaming Company announced an agreement with one of its franchisees to acquire all of the assets of the PLAYlive Nation esports gaming centre St. Petersburg, Florida.
PLAYlive Nation was acquired by and merged with Simplicity Gaming in 2019. The franchisee-run esports gaming centre, located in St. Petersburg’s Tyrone Square Mall, first opened in 2017.
The franchise owner will receive 29,504 shares of restricted Simplicity Esports common stock in exchange for the location including furniture, fixtures, equipment, inventory, and customer list. The current staff will keep their jobs.