Diamond Eagle Acquisition, the fifth blank check company formed by entertainment veteran Jeff Sagansky, raised $350 million by offering 35 units at $10, as expected. Each unit consists of one share of common stock andone-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of common stock at $11.50 per share.
Diamond Eagle Acquisition has begun trading on the Nasdaq under the symbol DEACU. Deutsche Bank and Goldman Sachs acted as lead managers on the deal.
