Garner Pakistan Dips on Announcing Esports Tourney

Gamer Pakistan Inc. (NASDAQ: GPAK) shares gave up some ground Thursday. The Henderson, Nevada-based early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced subsidiary K2 Gamer has launched the Super Mega Pakistan Universities Esports Championship 2023-24, a groundbreaking event poised to captivate the nation's gaming community. Set to kick off in the first week of December, this 45-day spectacle features an impressive one million PKR prize pool, promising intense competition among the country's top student gamers.

K2 Gamer Pakistan is registered with the Security and Exchange Commission of Pakistan (SECP) and a wholly owned subsidiary of the Gamer Pakistan Inc., the first USA based Pakistan esports company. It is dedicated to advancing esports across educational levels. Through strategic partnerships, the organization has signed Memorandums of Understanding (MOUs) with over 120 universities, collaborating with its affiliate, Elite Sports Pakistan (ESP), to promote esports throughout academia.

The championship follows a meticulously designed format, spanning 16 conferences in the qualifier round, progressing through group stages, zonal qualifiers, quarterfinals, semifinals, and culminating in the grand finals. All matches will be live-streamed, with the event anticipating the enthusiastic participation of over 1,500 student gamers from universities across the nation.

GPAK shares dropped eight cents , or 12.1%, to 56 cents.