M&A - DraftKings Inc.

Form Type: 10-K

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000188368525000010

Filing Summary: DraftKings Inc. completed the acquisition of Golden Nugget Online Gaming, Inc. on May 5, 2022, through an all-stock transaction. This acquisition was part of a definitive merger agreement from August 9, 2021, leading to a holding company reorganization. As a result, DraftKings Inc. became the public parent company of both DraftKings Holdings Inc. and GNOG. The company operates in the digital sports entertainment and gaming industries, providing online and retail sports betting, iGaming, and daily fantasy sports. As of February 12, 2025, the registrant had 489,956,221 shares of Class A common stock and 393,013,951 shares of Class B common stock outstanding. The company addresses various risks including competition, licensing, and economic conditions, highlighting forward-looking statements and the uncertainties involved in predicting future outcomes.

Document Link: View Document