Enjoyment and gaming SPAC Tekkorp Electronic Acquisition files for a $300 million IPO

Beulah R. Hayes

Tekkorp Electronic Acquisition, a blank check out business fashioned by Tekkorp Funds targeting the electronic media and leisure industries, filed on Friday with the SEC to elevate up to $300 million in an original community featuring.

The Las Vegas, NV-based firm plans to raise $300 million by providing 30 million models at $10. Just about every device consists of 1 share of typical stock and just one-half of a warrant, exercisable at $11.50. At the proposed offer measurement, Tekkorp Digital Acquisition would command a market worth of $375 million.

The business is led by CEO Matthew Davey, founder of Tekkorp Money and former CEO of NYX Gaming Group, and Chairman Morris Bailey, the proprietor of Resorts Atlantic Metropolis. The organization plans to concentrate on enterprises in electronic media, sporting activities, amusement, leisure, or gaming industries.

Tekkorp Digital Acquisition was established in 2020 and options to record on the Nasdaq underneath the symbol TEKKU. Jefferies is the sole bookrunner on the deal. 

The short article Amusement and gaming SPAC Tekkorp Digital Acquisition information for a $300 million IPO originally appeared on IPO financial commitment supervisor Renaissance Capital’s net internet site renaissancecapital.com.

Financial commitment Disclosure: The information and viewpoints expressed herein were prepared by Renaissance Capital’s research analysts and do not represent an offer you to purchase or provide any stability. Renaissance Capital’s Renaissance IPO ETF (image: IPO), Renaissance Worldwide ETF (image: IPOS), or individually managed institutional accounts may well have investments in securities of providers stated.

The sights and opinions expressed herein are the sights and viewpoints of the writer and do not necessarily mirror all those of Nasdaq, Inc.

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