New SPAC Gaming & Hospitality Acquisition file with the SEC to offer 15 million units at $10 each to raise $150 million in an IPO.
The SPAC will focus on regional gaming, distributed gaming, online gaming / sports betting and gaming technology and equipment. Additionally, the SPAC plans to merge with Affinity Gaming, a diversified casino gaming company headquartered in Las Vegas, and an indirect wholly owned subsidiary of the SPAC’s sponsor, concurrent with the completion of an initial business combination. “We will not, however, complete an initial business combination with only Affinity Gaming,” the filing states.
The SPAC is led by Chairman James Zenni, who is also Chairman of the Board of Affinity Gaming, Mrs. Fields Famous Brands, Pink Taco, Premier Thermal Solutions, Techniks Holdings, Twin-Star International, Waldhaus Flims Alpine Resort & Spa, and XRG Xperience Brands.
The SPAC plans to list on the Nasdaq under GHACU. Read more.
