Digital Gaming Firm Super Group Debuts On NYSE Thru Sports Entertainment Acquisition Merger

Online sports betting and gaming holdings firm SGHC (NYSE: SGHC), known as Super Group, is set to be taken public on the New York Stock Exchange by blank check firm Sports Entertainment Acquisition Corporation today. Super Group is the parent company of online sports betting company Betway and online casino Spin.

At a special meeting attended by Sports Entertainment Acquisition stockholders representing 62.52% of outstanding shares, the reverse merger was approved through 98.3% voting in favor. Around 24.8 million shares opted for redemption, leading the transaction expected to generate approximately US$202.4 million in proceeds.

“We were attracted to Super Group for its proven business model, strong leadership and exceptional products and technology,” said Sports Entertainment Acquisition Chairman Eric Grubman.

The resulting merger is expected to start trading its shares and warrants on the NYSE under the symbols “SGHC” and “SGHC.WS”, respectively. The SPAC used to trade on the big board under the symbol “SEAH”.

Sports Entertainment Acquisition last traded at US$8.14 on the NYSE.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

200 Grams of Gold And 21% Copper — That’s Not Normal | Matt Wilson – Sterling Metals

Silver at $100? This Time It Might Stay There. | David Morgan

Critical Minerals Are Rerating! | John Passalacqua – First Phosphate

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

SPAC Queen’s Gambit Growth Capital Secures Shareholder Approval Of Merger With Mass Transit Platform Swvl

Special purpose acquisition company Queen’s Gambit Growth Capital (Nasdaq: GMBT) announced on Wednesday that it...

Thursday, March 31, 2022, 02:19:00 PM

Biotech Firm Senti Bio To Be Taken Public In A $601 Million SPAC Merger

Senti Biosciences, Inc., also known as Senti Bio, has announced a business combination agreement with...

Tuesday, December 21, 2021, 04:38:00 PM

Singapore-Based A SPAC II Acquisition Prices US$185 Million IPO

Special purpose acquisition company A SPAC II Acquisition Corp. (Nasdaq: ASCBU) started trading on the...

Wednesday, May 4, 2022, 11:35:00 AM

Jeb Bush-Chaired Healthcare SPAC Jackson Acquisition Prices US$200 Million IPO

Special purpose acquisition company Jackson Acquisition Company (NYSE: RJAC.U) went public today on the New...

Thursday, December 9, 2021, 02:17:00 PM

Foodservice SPAC Banyan Acquisition Aims To Conduct A US$210 Million IPO

Blank check company Banyan Acquisition Corporation (NYSE: BYN.U) is looking to raise US$210 million for...

Thursday, January 20, 2022, 02:24:00 PM