Fertitta Entertainment, the parent company of Golden Nugget, announced Monday that it will once again be a publicly traded company after being private for the last decade. It will make the move not via an initial public offering (IPO), but through a merger with FAST Acquisition Corp, a special purpose acquisition company (SPAC). A SPAC… Read more »
Quick way to become publicly traded Online payment processing company Paysafe Group has agreed to a merger with the special purpose acquisition company (SPAC) Foley Trasimene Acquisition Corp. II (FTAC). As a result, Paysafe will become a publicly traded company. The deal values Paysafe at $9 billion. FTAC is led by billionaire Bill Foley, hence… Read more »
Online casino and sports betting company Rush Street Interactive announced on Monday that it is merging with dMY Technology Group in order to become a publicly listed company. The combined company has an estimated value of $1.78 billion. dMY is a special purpose acquisition company (SPAC), also called a “blank-check” company. It sells no products… Read more »
