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DraftKings (Diamond Eagle Acquisition) Priced, Nasdaq: DKNG

Fifth blank check company formed by entertainment veteran Jeff Sagansky (completed 4/23/2020).

Industry: SPAC

First Day Return: +0.3%

Industry: SPAC

We are a blank check company 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. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions directly or indirectly, with any business combination target with respect to an initial business combination with us. We intend to effectuate our initial business combination using cash from the proceeds of this offering and the private placement of the private placement warrants, the proceeds of the sale of our shares in connection with our initial business combination (pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation of this offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing.
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IPO Data
IPO File Date 04/11/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 35.0
Deal Size ($mm) $350
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/10/2019
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $350
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Los Angeles, CA, United States
Founded 2019
Employees at IPO 2

DraftKings (Diamond Eagle Acquisition) (DKNG) Performance