Following the release of its 2025 financial results, OverActive Media — the owner of Movistar KOI and Toronto Ultra — announced on April 30 that it had closed a secured debt financing of approximately US$1.44M.
The capital comes from four lenders. Two directors of the Company:
- Sheldon Pollack, Chairman of the Board
- Michael Kimel, director and long-standing shareholder
Together they are injecting approximately US$736,000, refinancing loans they had previously extended in October 2025.
Two existing Spanish shareholders are also taking part, contributing €600,000. The loan is secured by OverActive's Spanish subsidiaries: OAM LEC S.L.U. (KOI) and Team Randomk Esports S.L. (Movistar Riders).
In total, the lenders will receive 9,797,000 share purchase warrants exercisable at US$0.15, representing approximately 7.7% of the current share capital. The loans bear interest at a rate of 12% per annum over a two-year term.
The proceeds will be used for general working capital purposes; no specific investment has been announced.
"Two of our directors and existing European stakeholders put two-year capital behind this business. [...] They know the business and they're backing the plan. This capital drives growth across our teams and our platform and gets us to profitability," said Adam Adamou, CEO of OverActive Media.
