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DraftKings Inc (DKNG)

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https://www.draftkings.com/
 

It is anticipated that the combined company will have an equity market capitalization at closing of approximately $3.3 billion and have over $500 million of unrestricted cash on the balance sheet.

“We are pleased to bring DraftKings and SBTech together as one public company,” said Harry E. Sloan, Founding Investor of Diamond Eagle. “DraftKings is already a premier online fantasy sports and betting platform. With the full integration of SBTech’s technology and innovative product expertise coupled with the right capitalization, DraftKings will be in a great position to continue its ambitious expansion plans in the United States. I have known Jason Robins for four years, and consider him a true entrepreneur. I believe our investors share my utmost respect for his vision and leadership.”

DraftKings Brand Highlights

Since becoming the first mobile operator to launch in New Jersey in August 2018, DraftKings has consistently maintained greater than 30% online market share, and for the nine months ended September 30, 2019, the company recorded 8.5x year-over-year revenue growth in the state. DraftKings currently offers mobile and online sports betting in Indiana, New Jersey, Pennsylvania and West Virginia, and retail locations in Iowa, Mississippi, New Jersey and New York.
DraftKings’ daily fantasy sports product is available in 43 states and 8 international markets including Australia, Canada and the U.K., has approximately 60% market share and leverages its customer acquisition and cross-selling model for its sportsbook and iGaming offerings.
DraftKings established a “one-platform” model by launching features like single sign-on, an integrated wallet and universal user profile, that allows a user to move seamlessly between a DFS contest, a sports wager and a hand of blackjack, enabling the company to quickly bring to market new offerings without reinventing the wheel of an entirely new back-end infrastructure.

SBTech Highlights

SBTech is a premier global full-service B2B turnkey technology provider with omni-channel sports betting solutions, trading services, and marketing and bonus tools powering some of the world’s most popular sports betting and online gaming brands.
50+ partners in 20+ regulated markets and jurisdictions including Czech Republic, Denmark, Ireland, Italy, Mexico, Portugal, Spain, Sweden, and U.K. and Arkansas, Indiana, Mississippi, New Jersey, Oregon and Pennsylvania in United States.
Awarded exclusive contract offering mobile and retail sports betting for the Oregon state lottery with their Oregon Lottery Scoreboard brand.
Title Of Each Class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant   DEACU   The Nasdaq Stock Market LLC
Class A common stock, par value $0.0001 per share   DEAC   The Nasdaq Stock Market LLC
Redeemable warrants, each warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share   DEACW   The Nasdaq Stock Market LLC

  


 
 

$DKNG; Diamond Eagle Announces Special Meeting Date to Approve Proposed Business Combination With DraftKings and SBTech
March 20 2020 - 12:00PM
Business Wire Print
Special Meeting Scheduled for April 9, 2020

Diamond Eagle Acquisition Corp. (“Diamond Eagle” or the “Company”) (Nasdaq: DEAC, DEACU, DEACW) announced today
that it has called the special meeting of its stockholders (the “Special Meeting”) for April 9, 2020, to, among other things,
approve the proposed business combination (the “Business Combination”) among Diamond Eagle, DraftKings Inc. (“DK”)
and SBTech (Global) Limited (“SBT”). Stockholders of record as of the close of business on March 20, 2020,
the record date for the Special Meeting (the “Record Date”), will be entitled to vote their shares at the Special Meeting either in person or by proxy.
Notice of the Special Meeting was mailed on March 20, 2020 to stockholders of record as of the Record Date.
Due to concerns about the coronavirus (COVID-19), the Company may hold the Special Meeting solely by means of remote communication or provide for the
ability of stockholders to attend the Special Meeting by means of remote communication. In that event,
the Company will announce that fact as promptly as practicable, and details on how to participate will be issued by press release,
posted on our website at 

http://eagleinvestmentpartners.com/ 
and filed with the U.S. Securities and Exchange Commission (the “SEC”) as supplemental proxy material.


In connection with the Special Meeting, eligible Diamond Eagle stockholders that wish to exercise their redemption rights must do so no later than 5:00 p.m. Eastern Time on April 7,
2020 by following the procedures specified in the definitive proxy statement/prospectus for the Special Meeting, when available. 
In addition, institutional investors (including funds managed by Capital Research and Management Company, Wellington Management Company and Franklin Templeton) have committed to provide equity financing that will close concurrently with the Business Combination.

The closing of the Business Combination is subject to approval by Diamond Eagle’s stockholders and the satisfaction of other customary closing conditions and is expected to close as soon as practicable following the Special Meeting.



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DKNG News: Statement of Changes in Beneficial Ownership (4) 09/25/2020 06:24:24 AM
DKNG News: Statement of Changes in Beneficial Ownership (4) 09/25/2020 06:23:34 AM
DKNG News: DraftKings Deepens its Presence in Colorado with New Colorado Rockies Deal and Opening of Sportsbook at Mardi Gras Casino in ... 09/24/2020 07:30:10 AM
DKNG News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 09/24/2020 06:02:39 AM
DKNG News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 09/24/2020 06:01:39 AM
PostSubject
#2934  Sticky Note Soon we bet on Brady & Gronk: crudeoil24 04/26/20 10:55:23 PM
#1299  Sticky Note DraftKings eyes Vegas sportsbook Golden_Cross 02/08/20 07:33:08 AM
#5019   That’s the spirit bud! I applaud you! thehumanchessmachine 09/25/20 10:13:04 PM
#5018   College 5 Star Pick: Louisville +3 Panzer 09/25/20 09:57:13 PM
#5017   I've got 5K in my DraftKings account. F'ing Panzer 09/25/20 09:56:13 PM
#5016   That's right baby!!! #$100+ inbound Panzer 09/25/20 09:55:24 PM
#5015   DraftKings Inc (DKNG) mick 09/25/20 07:57:39 PM
#5014   INITIATED WITH A BUY AT ARGUS, PT $65 Golden_Cross 09/25/20 12:37:05 PM
#5013   Argus Research says $65 is a nice target budgetthis 09/25/20 11:23:27 AM
#5012   Great After-market trading last night....... A sure bet, imho.......DraftKings. budgetthis 09/25/20 05:48:30 AM
#5011   https://seekingalpha.com/news/3616968-draftkings-on-watch-macquarie-pointing-to- thehumanchessmachine 09/24/20 01:50:06 PM
#5010   !!! thehumanchessmachine 09/24/20 12:29:48 PM
#5009   Excellent !! The big-time worth of budgetthis 09/24/20 12:08:34 PM
#5008   Haha! Boom! Panzer 09/24/20 11:57:14 AM
#5007   Here https://www.stck.pro/news/DKNG thehumanchessmachine 09/24/20 11:53:52 AM
#5006   Yes Sir.......the consummate No Brainer money maker.......lol. A really budgetthis 09/24/20 11:49:17 AM
#5005   I have to agree! Specially buying again at thehumanchessmachine 09/24/20 11:46:59 AM
#5004   A most EXCELLENT DAY, fellow DraftKing aficionados !! $$ budgetthis 09/24/20 11:40:17 AM
#5002   Obvious reasons? Panzer 09/24/20 09:33:44 AM
#5001   ... RED $DKNG OCTOBER ... @LaughinPaulRyan 09/24/20 09:24:45 AM
#5000   Actually insiders have been buying idiot: https://www.nasdaq.com/articles/5-grea Panzer 09/24/20 09:23:54 AM
#4999   Take profits? How about buying dips? Panzer 09/24/20 09:21:46 AM
#4998   ... DRAFTKINGS 55% DIP COMING ... Not too long @LaughinPaulRyan 09/24/20 09:03:30 AM
#4997   ... MORE BAD $DKNG NEWS ... #TakeProfits Below $50 @LaughinPaulRyan 09/24/20 07:40:32 AM
#4996   ... RED $DKNG OCTOBER ... Start selling or hold @LaughinPaulRyan 09/23/20 07:03:18 PM
#4995   Tge only thing the markets are factoring in thehumanchessmachine 09/23/20 05:20:59 PM
#4994   I hate haircuts lol Market is starting to weedtrader420 09/23/20 04:48:23 PM
#4993   a lot of selling going on,,,, where do thehumanchessmachine 09/23/20 03:01:48 PM
#4992   Bad day maybe big rebound coming weedtrader420 09/23/20 02:28:49 PM
#4991   I see $100 EOY Panzer 09/23/20 12:09:27 PM
#4990   DKNG $61 TARGET PRICE TOMORROW I think weedtrader420 09/22/20 09:57:03 PM
#4989   Michael Jordan appears next month? ranchhand71 09/22/20 03:51:32 PM
#4988   INDEED----DKNG will make it to the 100(s)---WHY?-Because they Can'tSparTheGhost 09/22/20 03:03:44 PM
#4987   A few, apparently !! Quality company doing it’s thing budgetthis 09/22/20 12:03:13 PM
#4986   Any buyers here? nicky2000 09/22/20 11:34:18 AM
#4985   Looks like a good bet today, fellow DraftKingers...... $$ budgetthis 09/22/20 11:31:29 AM
#4984   https://www.stockscores.com/chart.asp?TickerSymbol=DKNG&TimeRange=15&Interv JohnCM 09/21/20 11:36:39 PM
#4983   I've got bids layered down to $45. Panzer 09/21/20 01:10:46 PM
#4982   Hard to say these shares are cheap after Tincupx 09/21/20 01:00:21 PM
#4981   Love these cheap shares....... May I have more please budgetthis 09/21/20 12:44:35 PM
#4980   Making money? Yes we are. Panzer 09/21/20 12:32:38 PM
#4979   DraftKings crushing it. Trading perfectly. Buying dips. I Panzer 09/21/20 12:32:06 PM
#4978   ... DUMB JOCKS LOSING $DKNG GAMBLING MONEY ... @LaughinPaulRyan 09/21/20 09:58:23 AM
#4977   ... NO SPORTS SOON $DKNG CRASHING ... @LaughinPaulRyan 09/21/20 09:46:34 AM
#4976   DKNG any dips is a buying opportunity weedtrader420 09/21/20 05:45:05 AM
#4975   Great!! Futures soft. JohnCM 09/21/20 03:22:50 AM
#4974   DraftKings and New York Giants Announce Official, Exclusive Golden_Cross 09/21/20 12:57:13 AM
#4973   I love buying DraftKings stock and while betting Panzer 09/21/20 12:38:30 AM
#4972   Bingo bango Panzer 09/21/20 12:27:16 AM
#4971   Waiting until $55.00 to go "all in?" JohnCM 09/20/20 11:51:12 PM
#4970   https://finance.yahoo.com/news/why-draftkings-stock-one-buy-194227395.html Can'tSparTheGhost 09/20/20 09:12:42 AM
#4969   Is it Time to Go "all in" on DraftKings? Golden_Cross 09/20/20 06:14:41 AM
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