January 13, 2022 Casino, Legal, Land Based

The SEC approves SGHC business combination with Sports Entertainment Acquisition

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There will also be a special meeting for shareholders on Jan 26, 2022.

SGHC Limited (SGHC) and multi-brand online casino Spin received approval on submitted F-4 registrations forms by the US Securities and Exchange Commission (SEC). This was in connection with its previously announced proposed business combination with Sports Entertainment Acquisition Corp. (SEAH).

SGHC is the parent company for the online sports betting and gaming business Betway. The group is licensed in 25 jurisdictions, with leading positions in key markets throughout Europe, the Americas and Africa.

SEAH is a special purpose acquisition 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. It focuses on targets in the sports and entertainment sectors, as well as the technology and services that are associated with these verticals.

SEAH also announced a meeting date and time for its shareholders, which will be January 26, 2022 at 10am. The meeting is for the purpose of approving the business combination. Shareholders of record as of the close of business on December 30, 2021 will be entitled to vote at the meeting. The closing of the business combination is subject to approval by SEAH’s shareholders and by the satisfaction of other customary closing conditions.

The Business Combination is expected to close promptly after the meeting.

Upon closing, the ordinary shares of the combined company are expected to be listed on the New York Stock Exchange under the ticker symbol SGHC. SEAH’s outstanding warrants will be assumed by the combined company and will trade under the ticker symbol SGHC WS.

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