Landcadia Holdings II (NASDAQ:LCA) announced that it has completed its combination with online casino Golden Nugget Online Gaming following a shareholder vote earlier today.
Shares of the combined entity will begin trading on the Nasdaq tomorrow under the symbol “GNOG.”
Landcadia II’s press release did not include redemption details, but, it is unlikely many shares were redeemed considering that it opened this morning at $25.71.
That is not say the end of the SPAC’s process was completely smooth as initially low turnout prompted Landcadia II to adjourn and reschedule its earlier completion vote December 21. This was due to high proportions of retail investors facing trouble getting their votes in rather than a negative indicator of the deal, however.
The relatively small number of listed online betting companies have generated fervent retail interest, especially following on the success of DraftKing’s (NASDAQ:DKNG) SPAC-listing earlier in April.
Landcadia II initially announced its $745 million deal with Golden Nugget on Jun 29. It operates gambling sites Live Dealer and Live Casino Floor in addition to mobile gambling games.
At the SPAC of Dawn The Trump administration’s midday decision yesterday to do a sudden pause on most of its tariffs sent markets skyrocketing and allowed many de-SPACs to retrieve significant ground lost since the beginning of the year. The biggest gainer on the session was Israeli cybersecurity firm HUB Cyber Security (NASDAQ:HUBC), which also...
Twelve Seas Investment Company III (NASDAQ:TWLVU) has filed for a $150 million IPO to hunt specifically for an international target at a time when markets have been roiled by an ever-shifting trade war. Such a bet could open up interesting opportunities as the highest performing de-SPAC to close since the US presidential elections has been...
At the SPAC of Dawn Amid the present market volatility, companies have been doing their best to hang on. But, for companies that just closed their de-SPAC transactions, the combination of the present headwinds and the usual post-close share turnover has been a mighty storm indeed. The 21 companies that have closed deals since the...
Titan Acquisition Corporation (NASDAQ:TACHU) announced the pricing of its $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TACHU”, Wednesday, April 9, 2025. The new SPAC aims to identify a combination target in the financial services or tech-enabled services fields. Titan Acquisition Corporation is led by Chief...
New Providence Acquisition Corp. III (NASDAQ:NPACU) has filed for a $261 million SPAC to hunt for a consumer target following on the success of the team’s first deal in space. The new SPAC features solidly pro-team terms with 1/3 warrants in its units and 24 months to initially complete a business combination. New Providence III...