Spin Master Corp. has announced its financial results for the second quarter and six months ended June 30. Subsequent to the end of the second quarter, the company completed its initial public offering of approximately 12.2 million subordinate voting shares for total gross proceeds of approximately C$220 million. The comparative financial results reflect Spin Master as a private company, prepared to conform to the company’s go-forward financial reporting standards as a public company.
Spin Master Ltd. has partnered with Autism Speaks in the U.S. and Canada to raise funds for the organization through the sale of Kinetic Sand. The company will also explore the positive benefits that play skills and social experiences may have for children with autism spectrum disorders (ASDs).
Spin Master has partnered with Youth Venture Marketing LLC and the American Camp Association (ACA) for the first integrated summer camp program. Spin Master products will be integrated into more than 135 camp programs across the U.S. at ACA-accredited camps through August. Campers will have the opportunity to interact with Spin Master brands such as DigiBirds, IONIX, Kinetic Sand, Meccano, Sew Cool, and Wackytivities.