Will DEAC become DraftKings?
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Will DEAC become DraftKings?
DraftKings is merging into a public shell company called Diamond Eagle Acquisition Corp. (ticker: DEAC). The company’s daily fantasy sports product is available in 43 states and eight international markets including Australia, Canada, and the U.K. The deal is expected to close in the 2020 first half.
What are DraftKings warrants?
Warrants are also typically issued by a company itself rather than a third party. The particular warrants in question trade under the ticker “DKNGW.” These warrants were trading higher by about 39\% Wednesday morning. “These DraftKings warrants, DKNGW, were giving holders the rights to buy DraftKings.
Who is DraftKings merging with?
(Nasdaq: DKNG) and Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion.
What day did DraftKings merge?
As of July 2017, DraftKings had eight million users. In April 2020, DraftKings became a publicly traded company through a reverse merger with a special-purpose acquisition company….DraftKings.
| Type | Public |
|---|---|
| Website | draftkings.com |
When did DEAC become DKNG?
Beginning April 24, 2020, DraftKings’ shares of Class A common stock will trade on the Nasdaq Global Select Market under the ticker symbol “DKNG” and its warrants will trade on Nasdaq under the ticker symbol “DKNGW”. STOCKHOLDERS TO BE HELD ON THURSDAY, APRIL 23, 2020.
Top 10 Owners of DraftKings Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| Wellington Management Co. LLP | 3.57\% | 14,505,618 |
| Capital Research & Management Co…. | 3.06\% | 12,439,848 |
| Capital Research & Management Co…. | 2.86\% | 11,626,101 |
| BlackRock Fund Advisors | 2.63\% | 10,669,265 |
What happens to my GNOG shares?
Upon the closing of the deal, each GNOG shareholder will get 0.365 of a share of DKNG stock for every share of Golden Nugget they own. However, by the time the deal closes in the first quarter of 2022, investors in GNOG stock will only have a loss of $1.95 for the year, or negative 9.9\%.
What does Diamond Eagle Acquisition Corp do?
Diamond Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination.
What is Deacu?
Diamond Eagle Acquisition Corp.
How high will DKNG stock go?
DraftKings Inc (NASDAQ:DKNG) The 27 analysts offering 12-month price forecasts for DraftKings Inc have a median target of 63.00, with a high estimate of 105.00 and a low estimate of 34.00. The median estimate represents a +119.82\% increase from the last price of 28.66.
Does Disney own part of DraftKings?
Legal Sports Report. Disney Owns Millions of Draftkings Shares. Online sports betting market is expected to hit $59 Billion by 2026.
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