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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: DraftKings Becomes an Official Partner of the Detroit Pistons 11/30/2020 07:30:00 AM
DKNG News: DraftKings Teams with Triller to Become the Official Sports Betting Partner of Mike Tyson vs. Roy Jones Jr. Boxing Match 11/25/2020 01:26:00 PM
DKNG News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 11/13/2020 05:20:49 PM
DKNG News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 11/13/2020 05:20:06 PM
DKNG News: Current Report Filing (8-k) 11/13/2020 07:09:03 AM
PostSubject
#5488  Sticky Note DraftKings Gets New $100 Price Target With Strong Golden_Cross 11/18/20 03:40:11 AM
#5421  Sticky Note ... EARNING EPIC $DKNG LOSSES ... #TakeProfits @LaughinPaulRyan 11/10/20 10:38:59 AM
#2934  Sticky Note Soon we bet on Brady & Gronk: crudeoil24 04/26/20 10:55:23 PM
#5581   Ok, so DEAC shares did convert to basically Kingsolomonspoolz 12/01/20 01:18:21 PM
#5580   I bought the 50 Yesterday and have an order thehumanchessmachine 12/01/20 12:48:36 PM
#5579   Funds clearing tomorrow hoping to catch $50 Panzer 12/01/20 12:42:13 PM
#5578   Can’t remember cause I thought the conversion was thehumanchessmachine 12/01/20 12:17:00 PM
#5577   Anyone on board from the $DEAC days remember Kingsolomonspoolz 12/01/20 12:02:08 PM
#5576   Michigan coming in and we just signed up thehumanchessmachine 12/01/20 07:51:02 AM
#5575   https://www.detroitnews.com/story/news/local/michigan/2020/11/30/michigan-nears- thehumanchessmachine 12/01/20 07:48:32 AM
#5574   Easy does it ... on our way to 55 thehumanchessmachine 11/30/20 11:54:59 AM
#5573   Nice and steady stair climb up, up, up!!! Panzer 11/30/20 11:16:41 AM
#5572   News: DraftKings Becomes an Official Partner of the HokieHead 11/30/20 07:32:58 AM
#5571   Totally agree with you! thehumanchessmachine 11/29/20 05:59:55 PM
#5570   DKNG new high coming this week weedtrader420 11/29/20 05:55:02 PM
#5569   I'm just Dreaming of what DraftKings will do Can'tSparTheGhost 11/29/20 12:35:39 AM
#5568   $54 will be a big test. i roheex 11/28/20 07:57:09 PM
#5567   Great Read...Yes, Looking forward to the year after Can'tSparTheGhost 11/28/20 05:18:31 PM
#5566   The amazon of gambling! https://finance.yahoo.com/news/draftkings-customer-data thehumanchessmachine 11/28/20 10:48:03 AM
#5565   Broke above $50 on heavy volume. Well on HokieHead 11/28/20 09:10:15 AM
#5564   And the King can do anything he wants to...hehehe... Can'tSparTheGhost 11/27/20 09:37:54 PM
#5563   I'm betting on DraftKings mushrooms will be more weedtrader420 11/27/20 04:38:57 PM
#5562   Doing studies on old people and mental health weedtrader420 11/27/20 04:33:24 PM
#5561   What is the deal with the mushrooms? To thehumanchessmachine 11/27/20 04:08:40 PM
#5560   DraftKings eating mushrooms CMPS lmao weedtrader420 11/27/20 04:07:56 PM
#5559   Better Trader Odds: Panzer vs CryPaulRyan Panzer -10,000 to 1 Panzer 11/27/20 11:20:54 AM
#5558   You missed the boat you can admit it. Panzer 11/27/20 11:19:56 AM
#5557   #white privledge has what to do with DKNG? Panzer 11/27/20 11:19:13 AM
#5556   $100 price target..... Maybe Canada can bet in Loonies budgetthis 11/27/20 11:15:06 AM
#5555   Canada wants in and the king is AGAIN thehumanchessmachine 11/27/20 08:48:55 AM
#5553   Gobble til You Wobble lol weedtrader420 11/26/20 09:31:30 PM
#5552   Happy T-Day to all !! Eat some Zinc with budgetthis 11/26/20 12:13:50 PM
#5551   Let’s do it ! Happy thanksgiving thehumanchessmachine 11/26/20 11:44:48 AM
#5550   Happy Thanksgiving!!! TechWhiz 11/26/20 11:01:59 AM
#5549   Happy Thanksgiving to ALL... Can'tSparTheGhost 11/26/20 10:52:44 AM
#5548   I know. Share price back at 50 DURING Threepointer 11/26/20 09:33:51 AM
#5547   Happy Thanksgiving DraftKings $100 Target price weedtrader420 11/26/20 09:18:35 AM
#5546   Happy thanksgiving thehumanchessmachine 11/26/20 07:15:53 AM
#5545   ... THE LAST $DKNG SUPPER ... #WhitePrivilege @LaughinPaulRyan 11/25/20 04:16:12 PM
#5544   Held 50 short turkeys for thanksgiving dinner! thehumanchessmachine 11/25/20 04:06:03 PM
#5543   How we doin’ ?? Up $3 and solidly above budgetthis 11/25/20 02:58:15 PM
#5542   He must be in an oven by now! thehumanchessmachine 11/25/20 02:18:48 PM
#5541   I miss CryingPaulRyan:( Panzer 11/25/20 01:17:24 PM
#5540   Fly pelican fly~~~ thehumanchessmachine 11/25/20 12:05:45 PM
#5539   Let’s see if we stay above $50.00 we thehumanchessmachine 11/25/20 10:44:25 AM
#5538   DraftKings is on the PROWL.... Can'tSparTheGhost 11/25/20 10:06:40 AM
#5537   I'm a huHe customer and investor love DKNG Panzer 11/25/20 09:56:18 AM
#5536   A no brainer stock ! thehumanchessmachine 11/25/20 09:50:39 AM
#5535   About to break $50 BOOM! Panzer 11/25/20 09:43:58 AM
#5534   Yeppers...One one my favorites for sure budgetthis.,.. $DKNG Golden_Cross 11/22/20 06:14:01 PM
#5533   Thanks GC ! DraftKings is a sure bet, imho. budgetthis 11/22/20 02:51:44 PM
#5532   Lol thehumanchessmachine 11/22/20 02:06:59 PM
#5531   Make CryingPaulRyan Great Again Panzer 11/22/20 01:47:41 PM
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