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.
Solarius Capital (NASDAQ:INACU) has filed for a $150 million IPO to seek out a financial services target with a team making its first step into SPACs. The new SPAC is offering investors a 1/2 warrant in each unit and it will overfund its trust to 100.5% with $10.05 per unit in the trust account from...
At the SPAC of Dawn Today is a major day of economic indicators with eight different reads on retail sales, import prices, industrial production, as well as both business inventories and home builder confidence index rolling in through the morning. All of this is to come ahead of a Fed interest rate decision tomorrow. This...
Indigo (NASDAQ:INACU) has filed for a $100 million SPAC to take a first-time team on a broad search for a target as 2025 SPACs hit a key milestone. The new SPAC is to sell units containing one right to a 1/10 share in each with no overfunding of its trust. Shareholders are slated to get...
At the SPAC of Dawn SPAC votes are to heat up in a shortened week that is to see markets closed on Thursday. Teams have nonetheless put seven votes on the docket for the four days that business is in session. Only one of these is a vote to complete a business combination, which is...
Terms Tracker for the Week Ending June 13, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week brought three new SPAC IPOs with pricings from BEST SPAC I Acquisition Corp., Blue Acquisition Corp. and Blue Water Acquisition Corp. III. All...