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Sports Entertainment Acquisition Corp. (NYSE:SEAH) saw its shares rise Monday, on investor news

April 26, 2021 The firm behind the Betway online sportsbetting brand, Super Group Holding Company Limited, has announced that it is to combine with a special purpose acquisition company (SPAC) before going public via a listing on the New York Stock Exchange. The Guernsey-based enterprise used an official Sunday press release to detail that the $4.75 billion arrangement with Sports Entertainment Acquisition Corporation will create a new debt-free company having approximately $200 million on its balance sheet. It declared that this newly-combined entity is to subsequently have ‘access to the ...

It will go public through a merger with Sports Entertainment Acquisition Corp Special purpose acquisition companies (SPACs) such as Sports Entertainment are shell companies; they raise funds to take a private company public That allows the private firms to sidestep a traditional IPO to enter public markets The deal comes as Betway, which has its roots in Europe, expands in the US The combined company's stock would trade under the symbol 'SGHC' 

Exclusive: Online bookmaker Betway parent nears $5.1 billion deal to go public - sources 04/24/2021 | 03:40pm EDT Send by mail : Message : Required fields (Reuters) - Super Group, the parent company of online bookmaker Betway, is nearing a deal to go public through a merger with blank-check acquisition firm Sports Entertainment Acquisition Corp at a valuation of about $5.1 billion, people familiar with the matter said on Saturday. The deal comes as Betway, which has its roots in Europe, expands in the United States. Betway has agreed to acquire Digital Gaming Corp, tapping the online spor...

Exclusive: Online bookmaker Betway parent nears $5.1 billion deal to go public -sources Reuters 1 hr ago © Reuters/Gonzalo Fuentes Milwaukee Bucks training ahead of the NBA Paris Game 2020 By Joshua Franklin and Anirban Sen (Reuters) - Super Group, the parent company of online bookmaker Betway, is nearing a deal to go public through a merger with blank-check acquisition firm Sports Entertainment Acquisition Corp at a valuation of about $5.1 billion, people familiar with the matter said on Saturday. The deal comes as Betway, which has its roots in Europe, expands in the United States. ...