OverActive Media, the parent company of esports organisations Movistar KOI and Toronto Ultra, has arranged a C$1 million (Aprox. $712,220 USD) loan from its Chairman Sheldon Pollack to fund working capital and pursue growth.
The debt financing was announced on October 16, 2025, and is intended to allow the company to scale its AI-driven platform for content localisation ActiveVoices while continuing its push towards profitability.
Also read: OverActive Media debuts ActiveVoices to support global creator reach and revenue
The loan is structured as a secured promissory note with a term of six months and carries an annual interest rate of 12%. As part of the arrangement, the lender will also receive 330,000 common share purchase warrants, which can be exercised at C$0.30 per share for a period of one year.
In a statement, Adam Adamou, CEO of OverActive Media, linked the financing to the company’s strategic goals. “This financing gives us the flexibility to aggressively pursue that growth engine while continuing to execute on our disciplined path to profitability,” said Adamou. “Our focus remains on building a profitable, asset-backed digital media company that captures the full potential of our franchises, our fanbase and proprietary technology.”
The issuance of the Note and Warrants remains subject to the execution of definitive agreements and acceptance by the TSX Venture Exchange. The transaction is classified as a “related party transaction” due to Pollack’s role, but the Company intends to rely on exemptions from a formal valuation and minority shareholder approval. The Note will be secured by certain accounts receivable of the Company or its subsidiaries.
This financial move follows recent positive financial indicators from the company. As previously reported, OverActive Media posted its second-quarter results showing a 26% year-on-year revenue increase alongside reduced operating costs, reinforcing its stated objective of reaching profitability later this year. One of the company’s properties, however, received a severe blow recently, as Movistar KOI lost its status as a Riot Games‘ VALORANT Champions Tour (VCT) partnered team.
