DraftKings Inc Warrants (DKNG)

[Carjockey2]

https://www.thestreet.com/investing/what-are-stock-warrants-15020045

[diskman]

I own DEAC, how do warrants work?

[Carjockey2]

Two nice $4,790.00 buys at 4.79

[Golden Cross]

Nice buy...Any dip is a great buying opportunity... $DEACW

[crudeoil24]

Added 4.57's > very nice dip!

[Golden Cross]

$DEACW Daily Chart







$SHELL #SHELL

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[Golden Cross]

Both look good and the options also $

[Carjockey2]

Life is good if you own DEAC DEACW

[makinezmoney]

$DEACW: 1wk till SUPERBOWL


You ain't seen nothing yet.


We could get to $10 very very easily.


Let the big bets roll in.



GO $DEACW

[budgetthis]

I warrant this to be a good investment......lol.

$$ DEACW $$

[Golden Cross]

Looking good here

[makinezmoney]

$DEACW: $5 Break on DECK


Lets have it happen before the CLOSE !



GO $DEACW

[Carjockey2]

$4.77

[crudeoil24]

Yup, as they say, "the trend is our friend."

DEACW

[Carjockey2]

$4.80

Weeeeeeeee


DEACW

[Carjockey2]

Friggin beast!!

[crudeoil24]

Nice upside spikes every day!

[makinezmoney]

$DEACW: If only $DBMM could learn from $DEAC/$DEACW


Soooooooooo hard to believe



GO $DEAC

[Carjockey2]

WEEEEEEEE..

DEACW

[makinezmoney]

$DEACW: Nope ....... $4.70


$5 cracker tomorrow



GO $DEACW

[Carjockey2]

Nope $4.66

[makinezmoney]

$DEACW: Monster Warrant BUYING today..... Hitting highs



Just won't stop....... now at $4.45


WOW



GO $DEACW

[lizzy241]

According to the transfer agent (Continental Stock Transfer, NYC) the following are the terms for the warrants. Each warrant you own entitles you to purchase one sh of common.

The expiration of the warrants will be triggered at the time/date of the final closing of the reverse acquisition. The clock starts ticking from that date going forward 5 years which may be some time in 2025. The Company may redeem the warrants at any time, the exercise price of the warrant is $11.50. So basically the public is paying a premium of approx. $2.00 for the warrants.
I hope this information helps.

[dr_praeses]

Can you show me the section of the prospectus you are referring to and I can try to help

[dr_praeses]

Warrants are call options. There is no difference.

[lizzy241]

Also, the Company has the right to call the warrants providing the terms are in the prospectus. I believe you have the asset classes of the stock issuance confused with options vs warrants and bonds.

[lizzy241]

I've dealt with options in my prior career wts are totally different in that they are not a wasting asset like an option, as time goes on the strike price of the option eventually seeks the intrinsic value of the price of the common stock. Warrants and bonds are a totally different asset class.

[dr_praeses]

You are 100% missing something. The warrants are basically long call options with an expiration of 6/26/2026 and an exercise price of $11.50. Based on your question it sounds to me like you think they are more like a callable bond. Also if the stock expires at 11.50 (or anything less too) on 6/26/2026 the warrants will be worthless. Before you touch these warrants, go to investopedia and read up on options. I think it's important you know what you're trading before you trade it.

JUst to be clear I am not saying anything to whether or not the warrants are a good buy (or sale), I'm just talking about the importance of understanding what they are -- and what they are not.

[lizzy241]

The terms of the warrants are appealing vs common. It takes 3 warrants to purchase one share of common, with a strike of 11.50, expiration date 6/2026. Possibility of the warrants being called prior to expiration??? I've never posted on IHub if anyone has additional understanding of the terms and I'm missing something please share. Thanks

[dr_praeses]

Didn't mean to call you out for not reading before you posted--it's just, warrants aren't something you wanna trade without knowing the ins and outs and there is quite a bit to that--have to understand options, volatility, etc.

Even with a stock trade, you want to know what you're getting yourself into--what the downside is, expected upside, time range, taxes you'd pay on gains, etc... (not just company DD, which is a whole other subject).

This is all doubly true with options which is why I was quick to just hit the brakes and say just mess with the stock.

Anyways, agreed with you that it's a good story, and, I don't think the point is to do your research before posting but you should do you're research before trading!

[Raphael De La Ghetto]

I guess I didn’t read up enough before I posted. Thanks my good man. This is definitely a good investment opportunity. DraftKings and it’s technology are where it’s at.

[dr_praeses]

If you don’t know the answer to that by understanding the investment options just simply buy the stock (DEAC) — you have no business being in a trade you don’t understand

[Raphael De La Ghetto]

Is there an advantage to buying these warrants as compared to the U at this point?

[The Rainmaker]

https://www.foxbusiness.com/sports/legal-sports-betting-california-2020-states

[MWM]

I agree! Telling a lot of my family to jump in!

[Tiger Money]

I love this trade. Buying an American option with a super long expiry on a stock that will be volatile and I didn’t have to pay for the vol! Well, at least in my mind, the volume component was pretty cheap

[MWM]

Looking very Strong!

[The Rainmaker]

Nice day here...buyers started tapping the $2.60s

[The Rainmaker]

Diamond Eagle Acquisition Corp., Led by Media Executive Jeff Sagansky and Founding Investor Harry Sloan, Announces Pricing of $400 million IPO
Business Wire Business WireMay 10, 2019
LOS ANGELES--(BUSINESS WIRE)--

Diamond Eagle Acquisition Corp. (DEACU), the fifth public acquisition vehicle led by media executive Jeff Sagansky and founding investor Harry Sloan, today announced the pricing of a $400 million initial public offering. Each unit issued in the initial public offering consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock at an exercise price of $11.50 per whole share. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol “DEACU.” Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively.

Diamond Eagle Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Diamond Eagle’s efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region. While Diamond Eagle may pursue an initial business combination opportunity in any industry or sector, it intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team’s established global relationships and operating experience. Diamond Eagle’s management team has extensive experience in identifying and executing strategic investments globally and has done so successfully in a number of sectors, including media and entertainment.

Diamond Eagle’s sponsor is Eagle Equity Partners, LLC, of which Mr. Sagansky is a Member. Joining him in the management of the company is President, Chief Financial Officer and Secretary, Eli Baker, who served as President, Chief Financial Officer and Secretary of one of Mr. Sagansky’s prior public acquisition vehicles, Vice President, General Counsel and Secretary of another of Mr. Sagansky’s prior public acquisition vehicles and as a director of another of Mr. Sagansky’s prior public acquisition vehicles. Harry E. Sloan, who co-led four prior public acquisition vehicles with Mr. Sagansky, is a founding investor in Diamond Eagle alongside the sponsor. Diamond Eagle’s sponsor and Mr. Sloan have severally committed, pursuant to a written agreement, to purchase an aggregate of 5,666,667 private placement warrants (or 6,366,667 private placement warrants, if the over-allotment option is exercised in full), each exercisable to purchase one share of Class A common stock at $11.50 per share, at a price of $1.50 per warrant, or $8,500,000 in the aggregate (or $9,550,000, if the over-allotment option is exercised in full), in a private placement that will occur simultaneously with the closing of this offering. Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are acting as the representatives of the underwriters for the offering and Northland Capital Markets served as a manager.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Deutsche Bank Securities, 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, telephone: [phone], or by emailing [e-mail]; or from Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, by telephone at 866-471-2526 or by emailing [e-mail].

[The Rainmaker]

Diamond Eagle Acquisition: Now A Pure-Play On U.S. Online Sports Betting

https://seekingalpha.com/article/4314048-diamond-eagle-acquisition-now-pure-play-on-u-s-online-sports-betting

[The Rainmaker]

Online gambling company DraftKings Inc. said Monday it will become a listed company via an acquisition by blank-check company Diamond Eagle Acquisition Corp. (DEAC DEACW) and SBTech, a provider of gaming technologies.

The new entity will be the only publicly traded pure-play sports betting and online gaming company in the U.S.

[The Rainmaker]

Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively.

[The Rainmaker]

Diamond Eagle Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on or About July 1, 2019
July 01, 2019 06:00 AM Eastern Daylight Time


LOS ANGELES--(BUSINESS WIRE)--Diamond Eagle Acquisition Corp. (Nasdaq: DEACU) (“Diamond Eagle” or the “Company”) announced that holders of the units sold in the Company’s initial public offering of 40,000,000 units completed on May 14, 2019 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about July 1, 2019. Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants

[daleb2130]

What's up with this Rain?