DraftKings Inc.

Diamond Eagle Acquisition Co (Nasdaq: DEAC) was a blank-check company sponsored by entertainment executives Jeff Sagansky and Eli Baker that completed its initial public offering in 2019, targeting the gaming and sports entertainment sector. The SPAC announced a three-way combination with DraftKings Inc. and sports technology provider SBTech in December 2019, with the transaction closing in April 2020. Following the merger, DraftKings began trading on Nasdaq under the ticker DKNG, making it one of the most prominent SPAC deals of that era as digital sports wagering expanded across the United States. The DEAC vehicle is now closed. Sign up at SpacDesk for complete deal data, filings, and sponsor profiles on this and thousands of other SPAC transactions.

SPAC Counterparty (1)