Rush Street Interactive to go public via DMYT spac company
Rush Street Interactive and dMY Technology Group to Combine to Create a Growing Publicly Traded Online Gaming Company
Combined company anticipated to have initial enterprise value of approximately $1.78 billion, plus an estimated over $235 million in net cash to fund growth strategy
Transactions include a $160 million committed PIPE at $10.00 per share led by Fidelity Management and Research Company
RSI projects approximately $320 million in revenue for 2021 fiscal year
The transaction is expected to close in 2020. Upon closing, dMY intends to change its name to Rush Street Interactive, Inc. and its NYSE trading symbol to "RSI."
finance.yahoo.com/news/rush-street-interactive-dmy-technology-102500052.html
Combined company anticipated to have initial enterprise value of approximately $1.78 billion, plus an estimated over $235 million in net cash to fund growth strategy
Transactions include a $160 million committed PIPE at $10.00 per share led by Fidelity Management and Research Company
RSI projects approximately $320 million in revenue for 2021 fiscal year
The transaction is expected to close in 2020. Upon closing, dMY intends to change its name to Rush Street Interactive, Inc. and its NYSE trading symbol to "RSI."
finance.yahoo.com/news/rush-street-interactive-dmy-technology-102500052.html
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