Shareholders in dMY Technology Group II voted in favor of the SPAC’s merger with Genius Sports, a technology company that provides data management, video streaming and integrity services to sports leagues, media companies and bookmakers.
The SPAC in an 8-K filing said more than 26 million votes were cast in support of the deal with 5,390 against, and 1,296 shares were redeemed. At $10 a share, the redemptions seem a peculiar choice since the SPAC had been trading near $19 in the days leading up to the merger vote and had not dropped below $14 since before January.
Announced in October, the deal is expected to close by the end of the week. The pro forma enterprise value of the combined company would be approximately $1.5 billion.
Upon completion of the business combination, Genius Sports Limited shares and warrants are expected to trade on the NYSE under GENI and GENI WS, respectively. Read more.
