Genius Sports Group To Go Public Through Combination With NYSEListed dMY Technology Group II
Genius Sports Group To Go Public Through Combination With NYSE-Listed dMY Technology Group II
-Anated Company has become a USA cash fund of about $ 150 million (due to repayment), literally free from a balanced debt, and is actually an organic rise. Strategic acquisitions will accelerate South America and international expansion.
-DMY II shareholders, GSG shareholders, Pipe Traders will be promoted by United Company registered on the New York Stock Exchange.
-DMY II Chairman and DMY II General Director will be the United Company Director.
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27 October 2020, 03:00 ett
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Share in XNew York and London October 27, 2020 PR NEWSWIRE = Kyodo NewsWire JBN] Sports, Betting, Media Eco Systems, and Sports Data and Technology Reading Providers Genius Sports Group Limited Group Limited, GSG or "Our Company") and DMY Technology Group (DMY Technology Group, Inc. II (NYSE: DMYD) (NYSE: DMYD) (DMYII) (DMYII) merge in GSG and DMYII (hereinafter, "Business Alliance" As a result of the management integration, the GSG and DMY II shareholders will be released on the New York Stock Exchange (NYSE). In order to change the promotion, the conspiracy of the $ 1. 5 billion is the end of the transaction, and the NEWCO is "Geni" and "Geni". Never negotiate with NYSE under the sign of "Geni WS".
In addition to the $ 276 million dollar in the DMY II Trust Account (condition that DMY public promotional buyers are not accessible), institutional investors and skilled industrial traders have a total of $ 10 for each promotion. He undertook the role of a regular promotion PIP for the required amount within 330 mm.
The main factors of the genius sports group
GSG receives data on sporting events around the world, provides it to the ratio of sports, and dies and protects them with no n-dangerous, hig h-quality, important data from different and different customers. It can be a content that can help. The company owns a favorite bag of the right to the official dat a-stream is organized by related major leagues, otherwise it is a relevant competition statistics. GSG provides data on more than 240. 000 events a year. These events are considered to be an official data provider of more than 170. 000 data.
The GSG is different from the reach, access to official information, and the innovative technology platform. The company maintains lon g-term partnerships with more than 500 sports organizations around the world, including NBA, NCAA, FIBA, FIFA, UK Premier League, and NASCAR. The company's unique design and data are essential for the success of the sportsbook partner.
Management and guidance
After the transaction is completed, Mark Rock will continue to lead the company as the highest executive officer of NEWCO. Rock is supported by important funding, technology, and sports betting industry skills.
The NEWCO's Board of Directors is composed of DMY II chairman Harry You and Nikkoro de Mashi CEO. Mr. You also served as an EMC EVP and served as an Accenture and Oracle CFO. De Mashi is the current chairman of GLU Mobile (Nasdaq: Gluu), a major mobile game for mobile phones and tablets.
"The Genius Sports Group has built a marketplace with official data on all aspects of sports, and sportsbook partners can expand their product lineup every day." This agreement is definitely grassroots sports. , It will be useful for further expanding and enhancing the status of the games and media ecosystem.
"Primitive Data Providers Genius Sports Group is profitable from all members in the large sports betting market. Mark Rock is an important role in the development of a sophisticated sports betting market. "The company has a great growth in this rapid growth field," which provides official rights and rea l-time data.
Main status of transactions
With this transaction, the initial price of NEWCO was about $ 1. 5 billion, equivalent to 8. 0 times that of GSG's 2021 rescue of $ 190 million.
The compensation paid to the existing shareholders of GSG consists of a combination of foreign exchange and NEWCO's stock ownership. The $ 330 million funds obtained in PIPE transactions will be used for repayment of shareholders' loans, and repayment of pr e-promotions owned by corporate shareholders.
In fact, NEWCO, depending on when the DMY II is not available, will have a free balance sheet of about $ 150 million and a deb t-free balance sheet of about $ 150 million.
The DMY II and GSG Board of Directors unanimously confirmed this position. This scheme requires incentives from DMY II shareholders, and other normal closing standards, such as the fact that foreign currency funding is the least, is applied. The conspiracy will end in the first quarter of 2021.
You can see the webcast and traders for this transaction on www. Geniussports. com. The records of webcasts and traders will be submitted by DMY II to the US Securities and Exchange Commission ("SEC") as the attached documents of the latest report of FORM 8-K, and SEC's website www. SEC. In addition, NEWCO will submit a registration notification form including DMY II's power of attorney/ prospectus to SEC in Form F-4, and will submit other documents related to the proposed transactions to the SEC. be.
About Genius Sports
The Genius Sports Group is an official information, technology, and paid supply partner that supports the grassroots ecosystem that connects sports, bookmaking and media. We are considered a major leader in providing digital sports content, technology and integrity. Our technology is used in more than 150 countries around the world, making the sports world collect, manage and distribute data and videos in real time, enable digital corrections, and improve fans.
It covers almost all of the world's largest leagues and federation, including the NBA, Premier League, FIBA, NCAA, and PGA tours, and is considered a partner trusted by more than 500 sports organizations around the world.
The Genius Sports Group has the unique abilities of the latest technology, scale, and mass reach that supports partner companies. We are not just technology companies. By building a sports world and permanent business of all levels, and providing technical expertise and 2 4-hour 36 5-day support, the sports world can take the initiative and maximize the value of its own content. I will support you.
About DMY Technology Group II
DMY Technology Group, Inc. II is a special company of $ 276 million founded by Nikkoro de Mashi and Harry You, merging with one or more companies, shares, and purchasing assets. The purpose is to acquire shares, reorganizations, or pursue similar corporate bonds. GOLDMAN SACHS & AMP; AMP; amp; co. LLC served as a single book runner for DMY II's IPO, and NEEDHAM & AMP; amp; Amp; Co. DMY II's investment entrance, general promotion, and warrants are traded on the New York Stock Exchange on the ticker symbol "DMYD. U", "DMYD. U", "DMYD" and "DMYD. TS". For more detailed information, website www. You can see it on COM.
Important information about the proposed corporate bonds and their destinations
In connection with this business integration, NEWCO describes a signature of DMY II's General Meeting of DMY II for the exercise of voting rights associated with NEWCO's securities issued in connection with this business integration. We plan to submit a registration notification form by FORM F-4 to SEC. DMY II shareholders and other stakeholders are important for GSG, DMY I and the DMY II, and DMY II and DMY II and DMY II in the closing statement and reference submitted to the US Securities and Exchange Commission (SEC) in connection with this business integration. Please be sure to read it because information is described. If it is available, the final power of attorney and other relevant materials related to this business integration will be sent to the DMY II shareholder on the reference date of the voting for this business integrated proposal. Shareholders will continue to obtain a copy of the final proxy and other documents submitted to the SEC for free. These documents are incorporated by referring to the SEC website www. sec. gov as soon as they are available. II, Care: Niccolò de Masi, Key Executive Officer, [Email Protected].
Competitive selection participants < SPAN> DMY Technology Group, Inc. II is a special company of $ 276 million established by Nikkoro de Mashi and Harry You, and merged with one or more companies. The purpose is to exchange shares, assets asset purchases, stock acquisition, organizational reorganization, or pursue similar corporate bonds. GOLDMAN SACHS & AMP; AMP; amp; co. LLC served as a single book runner for DMY II's IPO, and NEEDHAM & AMP; amp; Amp; Co. DMY II's investment entrance, general promotion, and warrants are traded on the New York Stock Exchange on the ticker symbol "DMYD. U", "DMYD. U", "DMYD" and "DMYD. TS". For more detailed information, website www. You can see it on COM.
Important information about the proposed corporate bonds and their destinations
In connection with this business integration, NEWCO describes a signature of DMY II's General Meeting of DMY II for the exercise of voting rights associated with NEWCO's securities issued in connection with this business integration. We plan to submit a registration notification form by FORM F-4 to SEC. DMY II shareholders and other stakeholders are important for GSG, DMY I and the DMY II, and DMY II and DMY II and DMY II in the closing statement and reference submitted to the US Securities and Exchange Commission (SEC) in connection with this business integration. Please be sure to read it because information is described. If it is available, the final power of attorney and other relevant materials related to this business integration will be sent to the DMY II shareholder on the reference date of the voting for this business integrated proposal. Shareholders will continue to obtain a copy of the final proxy and other documents submitted to the SEC for free. These documents are incorporated by referring to the SEC website www. sec. gov as soon as they are available. II, Care: Niccolò de Masi, Key Executive Officer, [Email Protected].
Competitive selection participants DMY Technology Group, Inc. II is a special company of $ 276 million, established by Nikkoro de Mashi and Harry You, and merged with one or more companies and shares. The purpose is to pursue assets, stock acquisition, organizational reorganization, or similar corporate bonds. GOLDMAN SACHS & AMP; AMP; amp; co. LLC served as a single book runner for DMY II's IPO, and NEEDHAM & AMP; amp; Amp; Co. DMY II's investment entrance, general promotion, and warrants are traded on the New York Stock Exchange on the ticker symbol "DMYD. U", "DMYD. U", "DMYD" and "DMYD. TS". For more detailed information, website www. You can see it on COM.
Important information about the proposed corporate bonds and their destinations
In connection with this business integration, NEWCO describes a signature of DMY II's General Meeting of DMY II for the exercise of voting rights associated with NEWCO's securities issued in connection with this business integration. We plan to submit a registration notification form by FORM F-4 to SEC. DMY II shareholders and other stakeholders are important for GSG, DMY I and the DMY II, and DMY II and DMY II and DMY II in the closing statement and reference submitted to the US Securities and Exchange Commission (SEC) in connection with this business integration. Please be sure to read it because information is described. If it is available, the final power of attorney and other relevant materials related to this business integration will be sent to the DMY II shareholder on the reference date of the voting for this business integrated proposal. Shareholders will continue to obtain a copy of the final proxy and other documents submitted to the SEC for free. These documents are incorporated by referring to the SEC website www. sec. gov as soon as they are available. II, Care: Niccolò de Masi, Key Executive Officer, [Email Protected].
Competition selection participants
DMY II, GSG and their appropriate directors and executive officers will have every opportunity to be members of the process of gathering corporate counsel from DMY II's stockholders. A list of such directors and executive officers and a description thereof of DMY II in a set format will be included in the registration statement to be filed by the New Company on Form F-4, which will also include a proxy/counsel/prospekt statement.
Outlook
This press release contains "forward-looking statements" within the meaning of the "safe harbor" created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, DMY II, GSG and the New Company's expectations regarding the future performance and expected financial impact of the proposed business alliance, the criteria for terminating the proposed business alliance and the deadline for the proposed business alliance. For example, monitoring the future price of the Company, salvage, etc., may be deemed to be expressions of forward-looking morality. In some cases, forward-looking statements may be further qualified in accordance with these terms by the negative of these definitions or their options or similar terms. These forward-looking statements are subject to risks, uncertainties and other events that may cause actual results to differ materially from those expressed or contemplated in these forward-looking statements. DMY II, GSG and their appropriate directors and executive officers have every opportunity to be members of the process of gathering corporate counsel from DMY II's stockholders. A list of such directors and executive officers and a description thereof of DMY II in a set form will be included in the registration statement to be filed by the new company on Form F-4, which will also include a proxy/counsel/prospekt statement.
Forecast
This press release contains "forecasting statements" within the meaning of the "safe harbor" created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, DMY II, GSG and the New Company's expectations regarding the future performance and expected financial impact of the proposed Business Collaboration, the criteria for terminating the proposed Business Collaboration and the deadline for the proposed Business Collaboration. For example, monitoring the Company's future price, salvage, etc., are deemed to be expressions of forward-looking morality. In some cases, forward-looking statements may be further qualified in accordance with these terms by such terms as "may," "should," "expected," "intense," "will," "estimate," "foresee," "believe," "project," "potential" or "continue," as well as the negative of these definitions or options or similar terms. These forward-looking statements are subject to risks, uncertainties and other moments that may actually cause actual results to differ materially from those expressed or contemplated in these forward-looking statements. DMY II, GSG and their appropriate directors and executive officers have every opportunity to be members of the process of gathering corporate counsel from DMY II's stockholders. A list of such directors and executive officers and a detailed description of DMY II will be included in the registration statement to be filed by the New Company on Form F-4, including the proxy/counsel/prospekt statement.Outlook
This press release contains "forward-looking statements" within the meaning of the "safe harbor" created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, DMY II's, GSG's and the New Company's expectations regarding the future performance and expected financial impact of the proposed business collaboration, the criteria for terminating the proposed business collaboration and the deadline for the proposed business collaboration. For example, the Company's future price, salvage, etc. monitoring may be deemed to be expressions of forward-looking morality. In some cases, forward-looking statements may be further qualified by the words "may," "should," "expected," "intense," "will," "evaluate," "foresee," "believe," "project," "potential" or "continue," as well as the negative of these definitions or options or similar terms. These forward-looking statements are subject to risks, uncertainties and other events that may cause actual results to differ materially from those expressed or contemplated in these forward-looking statements.