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Spin Master Corp(TOY-T)
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Spin Master Announces Closing of Secondary Offering of Subordinate Voting Shares

Newswire.ca - Thu Nov 17, 2022

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TORONTO, Nov. 17, 2022 /CNW/ - Spin Master Corp. ("Spin Master" or the "Company") (TSX: TOY) (www.spinmaster.com), a leading global children's entertainment company, today announced the completion of the previously announced secondary offering of 1,900,000 subordinate voting shares (the "Subordinate Voting Shares") of the Company held by Anton Rabie, a co-founder and member of the Company's Board of Directors, through a company he controls (the "Selling Shareholder"), at a price of C$32.10 per subordinate voting share (the "Offering Price"), for total gross proceeds to the Selling Shareholder of C$60,990,000 (the "Secondary Offering").

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