Noticias de ultima
  • 12.00 SBC Summit 2025: New Technology Stage Takes the Spotlight in Lisbon
  • 12.00 Yape On File: The experience that expands ProntoPaga's growth in Peru
  • 12.00 Lithuania Starts Phased Ban on Gambling Advertising
  • 12.00 R. Franco strengthens its presence in Galicia with a new branch in A Coruña
  • 12.00 How it works the technology that protects the Club World Cup from match-fixing
  • 12.00 MGA and MFSA sign a Memorandum of Understanding to strengthen regulatory cooperation
  • 12.00 Danish Gambling AML Register Notification Rules
  • 12.00 Opposition parties demand Thai government withdraw casino-legalising bill
  • 12.00 "PGS 2025 is a must for players in the igaming world", Diego Verano, EEZE
  • 12.00 Eduardo Aching from Konami Gaming, Inc: "Events like PGS provide a great opportunity to build strong bonds in the industry"
Reports

Genius Sports announces the Reduced Exercise Price in the previously announced consent solicitation

Thursday 19 de January 2023 / 12:00

2 minutos de lectura

(London).- Genius Sports Limited announced today the Reduced Exercise Price and Automatic Exercise Price in connection with its previously announced offer to exercise, and solicitation of consents relating to, the company’s outstanding warrants.

Genius Sports announces the Reduced Exercise Price in the previously announced consent solicitation

Pursuant to a notice circulated to warrant holders on December 20, 2022, the Company notified warrant holders that the exercise price of the warrants would be lowered until the termination of the period during which the offer to exercise and consent solicitation is open (the “expiration date”) from $11.50 to an exercise price that is 74% of the volume-weighted average price of the ordinary shares for the one-trading day period on the New York Stock Exchange on January 17, 2023 (the “Reduced Exercise Price”).

The Reduced Exercise Price of the warrants is $3.1816. Holders of warrants that exercise their warrants on a cashless basis at the Reduced Exercise Price prior to the expiration date will receive 0.260 ordinary shares for each warrant exercised by such holder.

Pursuant to the consent solicitation, the Company’s Warrant Agreement will be amended so that any warrants ot exercised by a holder thereof on or prior to the expiration date shall be exercised automatically on the holder’s behalf on the first trading day following the expiration date on a cashless basis at the exercise price that is 76.6% of the volume-weighted average price of the ordinary shares for the one-trading day period on the New York Stock Exchange on January 17, 2023 (the “Automatic Exercise Price”).

Therefore, if the consent solicitation is successful, the warrant holders who do not elect to exercise their warrants on or prior to the expiration date will have their warrants exercised at the Automatic Exercise Price of $3.2933. This will result in such holders receiving 0.234 ordinary shares per warrant, which is 10% less than the number of ordinary shares per warrant to be received by holders that exercise cashlessly at the Reduced Exercise Price on or prior to the expiration date.

If the Warrant Amendment is not approved and such condition is not waived, the warrants will retain their current terms and any exercises of warrants by holders at the Reduced Exercise Price will not be consummated and holders will be returned their warrants. The warrants currently have an exercise price of $11.50 per ordinary share and expire on April 20, 2026, subject to certain terms and conditions.

The Company has engaged BofA Securities, Inc. as solicitation agent. D.F. King & Co., Inc. has been appointed as the information and tabulation agent for the consent solicitation and Continental Stock Transfer & Trust Company is the Company’s transfer agent. Requests for documents should be directed to D.F. King & Co., Inc. at (800) 370-1749 (for warrant holders) or (212) 269-5550 (for banks and brokers) or via the following email address: geniussports@dfking.com.

Important Additional Information has been Filed with the U.S. Securities and Exchange Commission

In connection with the consent solicitation, the Company has filed with the U.S. Securities and Exchange Commission (the “SEC”) an amended registration statement on Form F-4/A and an amendment to its tender offer statement on Schedule TO. The registration statement has not yet become effective. Securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective.

This announcement is for informational purposes only and shall not constitute an offer to purchase or a solicitation of an offer to sell the warrants or an offer to sell or a solicitation of an offer to buy any ordinary shares in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. The consent solicitation is being made only through the Schedule TO and prospectus and the complete terms and conditions of the consent solicitation are set forth in the Schedule TO and prospectus. Copies of the Schedule TO and prospectus will be available free of charge at the website of the SEC at www.sec.gov. Requests for documents may also be directed to D.F. King & Co., Inc. at the phone number and email address set forth above.

Holders of the warrants are urged to read the Schedule TO and prospectus carefully before making any decision with respect to the consent solicitation because they contain important information, including the various terms of, and conditions to, the consent solicitation.

None of the Company, any of its management or its board of directors, or the solicitation agent, the transfer agent or the information and tabulation agent makes any recommendation as to whether or not holders of warrants should consent to the Warrant Amendment in the consent solicitation.

Categoría:Reports

Tags: Sportsbook , Genius Sports Group, Sports Gaming , Online Betting,

País: United Kingdom

Región: EMEA

Event

Peru Gaming Show 2025

18 de June 2025

"PGS 2025 is a must for players in the igaming world", Diego Verano, EEZE

(Lima, SoloAzar Exclusive).- During his first participation in the 2025 edition of the Peru Gaming Show, Diego Verano, Director of Business Development LatAm at EEZE, talked to SoloAzar about his experience at the event, his interest in the LatAm market and his vision on the evolution of the sector in the region.

Thursday 03 Jul 2025 / 12:00

Eduardo Aching from Konami Gaming, Inc: "Events like PGS provide a great opportunity to build strong bonds in the industry"

(Lima, SoloAzar Exclusive).- In an extense interview, Eduardo Aching, Vice President of International Gaming Operations at Konami Gaming, Inc., shares insights into the company’s strategic presence at Peru Gaming Show 2025, highlighting their latest gaming technologies and regional market vision.

Thursday 03 Jul 2025 / 12:00

PGS 2025 exceeds all expectations with record attendance and strong support from public and exhibitors

(Lima, SoloAzar Exclusive).- The latest edition of Peru Gaming Show established itself as a key event in the Latin American gaming industry, with more than 5,000 daily attendees from 40 countries and a vibrant exhibition hall. Strategic conferences and high-level networking rounded out this historic edition. SoloAzar shares all the details in this interview with Joe López, CEO of AMG, the event organizer.

Wednesday 02 Jul 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST