DraftKings Holdings Inc.

Diamond Eagle Acquisition Corp (Nasdaq: DEAC), a blank-check company sponsored by film and television executives Jeff Sagansky and Eli Baker, completed its business combination with DraftKings Inc. and SBTech in April 2020, with an 8-K filed April 29, 2020 documenting the transaction's closing. The SPAC, which conducted its IPO in 2019, targeted the sports entertainment and gaming sector. Upon consummation, DraftKings began trading as a standalone public company, becoming one of the most prominent SPAC-to-listing stories in the online sports betting industry. DEAC's deal marked a pivotal moment for gaming-focused blank-check vehicles. Sign up for SpacDesk to access full filings, deal timelines, and sponsor data on DEAC and hundreds of other SPACs.