Gaming & Hospitality Acquisition offered 25 million more units at $10 each than originally planned to raise $175 million in an IPO. The upsize is 17 percent greater than the SPAC’s initial registration to offer 15 million units.
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.
Shares begin trading otday on the Nasdaq under GHACU. Read more.
