The sports information and services provider Genius Sports Group Limited has reported that it will file a registration statement to US Securities and Exchange Commission through a newly-established holding firm, Galileo NewCo Limited. It incorporates a proxy declaration/prospectus relating a potential corporate merger recently disclosed with publicly listed SPAC dMY Technology Group Inc.
NewCo would execute the planned corporate merger by making dMY II subsidiary of NewCo. Although the registry document has not yet gone into force and there are modifications in the material found in it, relevant information is available on GSG, NewCo, NYSE: DMYD WS at https://www.webull.com/quote/nyse-dmyd-ws and the transaction.
The submission is available on the website of SEC.Class A common stock and warrants are officially traded under the ticker symbols of “NYSE: DMYD WS” and “DMYD WS” on the New York Stock Exchange. When the deal is finished, the new tacker symbols ‘GENI’ and ‘GENI WS’ are supposed to be exchanged on NYSE with NewCo ordinary shares and guarantees.
The merger, confirmed on 27 October 2020, is unanimous and subject to certain closing conditions, such as the consent of dMY-owners, II’s the decree of incorporation being made valid by the SEC and a range of further Customary conditions, the boards of directors of GSG and dMY II have unanimously adopted this transaction.
The organization has also confirmed its 2020 full-year estimates, with sales forecast to hit about $145 million and adjusted EBITDA of around $14 million.
We have made significant progress in 2020 in an international pandemic and are heading towards sustained, strong performance in 2021, says Mark Locke, GSG’s Co-founder and President and CEO. Looking forward we will improve our position as true partner for sporting ligaments, sportsbooks and media groups worldwide with the proposed integration of dMY II and the NYSE listing.
DMY Technology Group, Inc.
DMY technology company, inc. technology group. II is a blank check business, which is to execute a merger, equity, asset purchase, stock acquisition, reorganization, or the like of one or more entities. The Organization may seek an initial business combination goal in any market or geographical area, but its quest for an initial business combination would be based on companies within the broader consumer technology environment that either target consumer or help consumer infrastructure (“apps”) with business evaluations within an estimated set of values.
The declaration of such securities has been made valid by the United States. On 13 August 2020, the Securities and Exchange Commission (SEC). This press release would not constitute an offer to sell or an offer to buy or shall not sell any other securities in a State or jurisdiction in which an offer, an application or a sale in compliance with the securities laws of any such state or jurisdiction will be illegal prior to registration or a certification of NYSE: DMYD WS. Before stock trading, you can also check other stocks such as like nyse amc at https://www.webull.com/quote/nyse-amc.