April 16, 2020 Legal, Online

DraftKings receives SEC approval to go public later this month

By

The merger of DraftKings and SB Tech has been approved by the Securities and Exchange Commission according to an announcement from Diamond Eagle Acquisition Corp (DEAC), clearing DraftKings to become a public company later this month.

DEAC shareholders will vote on the merger at a special meeting scheduled for 23 April.

DEAC filed a Registration Statement with the SEC in Nevada and a statement of approval on 15 April. 

The merger is valued $2.7bn. 

DEAC, a special purpose acquisition company, was founded by Hollywood veterans Harry Sloan and Jeff Sagansky. 

Product Spotlight
Elys Gaming Technology
Elys Game Technology is one of the fastest growing and technologically advanced Sports Betting and iGaming full-service platform providers in the regulated B2B and B2C markets, focusing on driving results for casino and leisure gaming operators with retail and digital solutions for Europe, North America and around the globe.
View More
Virtual Showroom

SUPPLIER

CasinoTrac



SUPPLIER

Pace-O-Matic


SUPPLIER

Eclipse Gaming


SUPPLIER

CASINOMONEY


SUPPLIER

Interblock


SUPPLIER

Suzohapp


SUPPLIER

Ainsworth



SUPPLIER

Dickinson Wright



SUPPLIER

BetConstruct