New Wave Holdings Corp. (TRMNF) Stock Analysis
DELISTED 2025
What happened to New Wave Holdings Corp. (TRMNF) stock?
New Wave Holdings Corp. (TRMNF) no longer trades on public markets. It was delisted in August 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
New Wave Holdings Corp. (TRMNF) trades at $0.408. New Wave Holdings Corp. operates within the esports and natural wellness sectors, acting as an investment issuer and advisor. Market cap: $5.78M, Sector: Communication services.
Last analyzed: Mar 18, 2026Analyst Coverage for TRMNF: TRMNF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TRMNF against Communication Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Not enough scored data yet to form a council read on TRMNF.
How is this calculated? →New Wave Holdings Corp. (TRMNF) Media & Communications Profile
New Wave Holdings Corp. operates as an investment issuer and advisor within the esports and natural wellness sectors, focusing on business growth, market penetration, and product expansion for esports companies. They provide financial information and strategic guidance, distinguishing themselves through a diversified approach in emerging markets.
What Is the Investment Thesis for TRMNF?
New Wave Holdings Corp. presents a speculative investment opportunity within the esports and natural wellness sectors. With a market capitalization of $5.78M and a negative P/E ratio of -0.66, the company's financial performance indicates high risk. The company's gross margin is 100.0%, while its profit margin is -248.8%. The high beta of 2.76 suggests significant volatility relative to the market. Growth catalysts include successful investments in emerging esports companies and expansion into the psychedelic and natural wellness markets. However, the company's negative profitability and OTC market listing pose substantial risks. Investors should carefully consider the company's financial position and market dynamics before investing.
Based on FMP financials and quantitative analysis
TRMNF Key Highlights
Market Cap of $5.78M indicates a micro-cap company with high growth potential but also higher risk.
- Negative P/E ratio of -0.66 reflects current unprofitability, requiring investors to focus on future growth prospects.
- Gross Margin of 100.0% suggests strong revenue generation relative to direct costs, but high operating expenses impact overall profitability.
- Profit Margin of -248.8% highlights significant losses, indicating a need for improved cost management and revenue scaling.
- Beta of 2.76 indicates high volatility, suggesting the stock price is highly sensitive to market movements.
Who Are TRMNF's Competitors?
TRMNF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BBTVF BBTV Holdings Inc. | $0.27 | -2.65% | $5.99M | 35 |
| CSCW Color Star Technology Co., Ltd. | $1.08 | -3.57% | $10.3M | 61 |
| OAMCF OverActive Media Corp. | $0.11 | +0.00% | $14.1M | 52 |
| ANGH Anghami Inc. | $3.39 | +0.16% | $30.7M | 53 |
| LGMH Light Media Holdings, Inc. | $0.60 | +0.00% | $33.4M | 63 |
| TDIC Dreamland Limited Class A Ordinary Shares | $2.55 | -3.41% | 55 | |
| BREA Brera Holdings PLC Class B Ordinary Shares | $25.20 | +1.94% | $60.9M | 63 |
| AFCJF AFC Ajax N.V. | $10.50 | +0.00% | $193M | 53 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TRMNF's Key Strengths?
Diversified focus across esports, psychedelic, and natural wellness sectors.
- Advisory expertise in esports business growth.
- Early mover advantage in emerging markets.
- Strategic partnerships to enhance market presence.
What Are TRMNF's Weaknesses?
Negative profitability and high operating expenses.
- Limited financial resources and market capitalization.
- Dependence on the success of early-stage investments.
- OTC market listing increases risk and reduces liquidity.
What Could Drive TRMNF Stock Higher?
Potential regulatory changes in the psychedelic market could create new investment opportunities.
- Continued growth in the esports market driving demand for investment and advisory services.
- Successful investments in emerging companies leading to increased revenue and profitability.
- Strategic partnerships with established esports organizations enhancing market presence.
- Diversification into the natural wellness sector providing a hedge against market volatility.
What Are the Key Risks for TRMNF?
Financial-distress signal — its Altman Z-Score of -39.27 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Negative profitability and high operating expenses impacting financial stability.
- Limited financial resources and market capitalization restricting growth potential.
- Dependence on the success of early-stage investments increasing risk.
- OTC market listing increasing risk and reducing liquidity.
- Intense competition in the esports and wellness industries impacting market share.
What Are the Growth Opportunities for TRMNF?
- Growth opportunity 1: Expansion into the psychedelic market presents a significant growth opportunity. As regulations surrounding psychedelic therapies evolve, New Wave Holdings Corp. can invest in companies developing innovative treatments for mental health conditions. The global psychedelic drug market is projected to reach $10.75 billion by 2027, offering substantial revenue potential. Successful investments in this sector could drive significant returns for New Wave Holdings Corp.
- Growth opportunity 2: Strategic partnerships with established esports organizations can enhance New Wave Holdings Corp.'s market presence and credibility. By collaborating with leading teams and leagues, the company can gain access to a broader audience and attract more investment opportunities. These partnerships can also facilitate the development of new products and services tailored to the esports community, driving revenue growth.
- Growth opportunity 3: Diversification into the natural wellness sector provides a hedge against the volatility of the esports market. By investing in companies focused on nutrition, fitness, and alternative medicine, New Wave Holdings Corp. can tap into a growing consumer demand for holistic health solutions. The global wellness market is estimated at over $4.7 trillion, offering a diverse range of investment opportunities.
- Growth opportunity 4: Developing proprietary financial information products tailored to the esports and natural wellness sectors can create a unique value proposition. By offering in-depth analysis and insights, New Wave Holdings Corp. can attract a loyal customer base of investors and industry professionals. These products can generate recurring revenue streams and enhance the company's brand reputation.
- Growth opportunity 5: International expansion into emerging markets can unlock new growth opportunities. By targeting regions with a rapidly growing esports and wellness culture, New Wave Holdings Corp. can gain a first-mover advantage and establish a strong foothold. These markets often offer lower operating costs and less competition, providing a favorable environment for growth.
What Threats Does TRMNF Face?
- Intense competition in the esports and wellness industries.
- Regulatory uncertainty surrounding the psychedelic market.
- Economic downturn impacting consumer spending and investment.
- Volatility in the stock market and investor sentiment.
What Are TRMNF's Competitive Advantages?
- Early mover advantage in emerging sectors.
- Diversified investment portfolio across multiple high-growth markets.
- Advisory expertise in esports business growth.
- Focus on strategic partnerships to enhance market presence.
What Does TRMNF Do?
New Wave Holdings Corp., formerly New Wave Esports Corp., was incorporated in 2006 and rebranded in May 2020 to reflect its expanded focus beyond esports. Headquartered in Toronto, Canada, the company operates as an investment issuer, targeting the esports, psychedelic, and natural wellness sectors. New Wave Holdings provides investment and advisory services to esports companies, assisting with business growth strategies, market penetration efforts, and product expansion initiatives. The company also delivers financial information, focusing on current liquidity, solvency, and planned strategic growth. Their business model involves identifying and investing in early-stage companies within these sectors, aiming to capitalize on the growth potential of emerging markets. New Wave Holdings Corp. aims to foster innovation and growth within its target sectors through strategic investments and advisory services.
What Products and Services Does TRMNF Offer?
- Invests in esports, psychedelic, and natural wellness companies.
- Advises esports companies on business growth strategies.
- Assists with market penetration and product expansion.
- Provides financial information to assess liquidity and solvency.
- Supports planned strategic growth initiatives.
- Focuses on emerging markets within these sectors.
How Does TRMNF Make Money?
- Investment issuer focused on high-growth sectors.
- Advisory services for esports companies.
- Revenue generation through investment returns.
- Potential revenue from financial information products.
What Industry Does TRMNF Operate In?
New Wave Holdings Corp. operates in the rapidly evolving esports and natural wellness industries. The esports market is experiencing substantial growth, driven by increasing viewership and investment. The natural wellness sector is also expanding as consumers prioritize health and well-being. New Wave Holdings Corp. aims to capitalize on these trends by investing in and advising companies within these sectors. Competitors include companies like BBTVF (BBTV Holdings Inc.) and others focused on digital media and entertainment. The company's success depends on its ability to identify and support promising ventures in these dynamic markets.
Who Are TRMNF's Key Customers?
- Esports companies seeking investment and advisory services.
- Investors interested in the esports, psychedelic, and natural wellness sectors.
- Industry professionals seeking financial information and insights.
Key Financial Metrics
Its free cash flow yield is -4.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.35 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -24.3%, the inverse of the P/E and a quick read on earnings relative to price.
New Wave Holdings Corp. (TRMNF) Valuation Context
Valued at $5.78M, TRMNF is classified as a micro-cap stock.
Company Profile
New Wave Holdings Corp. operates in the Entertainment industry within the Communication Services sector. It is headquartered in Vancouver, CA. The company is led by CEO Sunny Ray. TRMNF has traded publicly since 2010.
Financial Health
New Wave Holdings Corp.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -39.27 places it in the distress zone, a signal of elevated financial risk.
TRMNF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Diversified focus across esports, psychedelic, and natural wellness sectors.
- Advisory expertise in esports business growth.
- Early mover advantage in emerging markets.
- Strategic partnerships to enhance market presence.
Bear Case
- Negative profitability and high operating expenses.
- Limited financial resources and market capitalization.
- Dependence on the success of early-stage investments.
- OTC market listing increases risk and reduces liquidity.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
TRMNF Latest News
No recent news available for TRMNF.
Leadership: Sunny Ray
CEO
Sunny Ray serves as the CEO of New Wave Holdings Corp. His background includes experience in the investment and advisory sectors, with a focus on identifying and supporting high-growth companies. He has been instrumental in guiding New Wave Holdings Corp.'s strategic direction, particularly its expansion into the psychedelic and natural wellness markets. His expertise lies in fostering innovation and driving value creation for shareholders.
Track Record: Under Sunny Ray's leadership, New Wave Holdings Corp. has transitioned from a pure-play esports company to a diversified investment issuer. Key milestones include the rebranding of the company, strategic investments in emerging sectors, and the development of advisory services for esports companies. His focus on strategic growth has positioned the company for future success.
TRMNF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that New Wave Holdings Corp. may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk and greater potential for volatility.
- OTC Tier: OTC Other
- Limited financial disclosure increases information asymmetry.
- Lower trading volume and wider bid-ask spreads reduce liquidity.
- Greater potential for price manipulation and fraud.
- Higher risk of delisting or trading suspension.
- Limited regulatory oversight compared to exchange-listed companies.
- Verify the company's financial statements and disclosures.
- Assess the company's management team and track record.
- Research the company's business model and competitive landscape.
- Evaluate the company's legal and regulatory compliance.
- Monitor trading volume and price volatility.
- Understand the risks associated with OTC investing.
- Consult with a qualified financial advisor.
- Company's history of operations since 2006.
- Presence of a CEO and management team.
- Focus on emerging sectors with growth potential.
- Strategic partnerships and advisory services.
What Investors Ask About New Wave Holdings Corp. (TRMNF) — Communication Services
What happened to New Wave Holdings Corp. (TRMNF) stock?
New Wave Holdings Corp. (TRMNF) no longer trades on public markets. It was delisted in August 2025. The figures below are historical and are not a current quote.
Can I still buy TRMNF shares?
No. TRMNF stopped trading on public markets in August 2025, so the shares are not available through a broker. Anything you see quoted for TRMNF elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before TRMNF stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to New Wave Holdings Corp.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does New Wave Holdings Corp. do?
New Wave Holdings Corp. operates as an investment issuer and advisor, primarily focusing on the esports, psychedelic, and natural wellness sectors. The company invests in and advises early-stage companies, providing support for business growth, market penetration, and product expansion. Additionally, New Wave Holdings Corp.
What are the main risks for TRMNF?
The main risks for New Wave Holdings Corp. include its negative profitability, limited financial resources, and dependence on the success of early-stage investments. As an OTC-listed company, TRMNF faces increased regulatory scrutiny, lower liquidity, and a higher risk of price manipulation.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- OTC market investments carry significant risk.
- Financial metrics should be interpreted with caution due to limited disclosure.