Bullpen Parlay, a finance company, aims to raise $200m through its initial public offering (IPO) and execute a business combination with companies in sectors such as real-money gaming, hospitality, and leisure. The company’s management team includes executive chairman Paul Martino, who played a significant role in FanDuel’s acquisition by Flutter in 2018. Martino has also been a member of the FanDuel board of directors. Bullpen Parlay’s CEO, David VanEgmond, is the founder and CEO of Bettor Capital, a sports betting investment platform, and has previous experience at Barstool Sports and FanDuel. Melissa Blau, the founder of iGaming Capital, and Brett Calapp, the founder of Shadow Fox Technology Inc, also serve as directors. Bullpen Parlay priced its IPO at $10 per unit, with 20 million units available for listing on the Nasdaq stock exchange. The SPAC expects to raise $200m from the IPO, with a potential additional $30m if CitiGroup acquires units. If a business combination is not executed within 18 months, the company will redeem 100% of the public shares for cash.
Prominent finance experts introduce finance-focused SPAC for real-money gaming on Nasdaq
Dawson Bennett is a seasoned journalist with over a decade of experience covering the casino and sports industries. His extensive knowledge of these sectors makes him a trusted expert for readers seeking advice and insights. Whether you're looking for the latest developments in the sports or gambling world, Dawson provides valuable guidance to help you make informed decisions. He offers tips on selecting high-quality casinos and stays on top of trends and events in the sports industry, ensuring you have the best possible experience.
Leave a comment