Bullpen Parlay Acquisition filed to offer 20 million units, each consisting of one share and a warrant, and priced at $10.
The SPAC will pursue the acquisition of a company in the online real money gaming, technology, sports, digital media, hospitality and leisure industries.
Executive Chairman Paul Martino served on the board of FanDuel from 2012 through 2017. He is the co-founder of multiple companies, including Ahpah Software, a computer security firm acquired by InterTrust and now owned by Sony; Tribe, a social network founded in 2003; and Aggregate Knowledge, a big data advertising attribution company acquired in 2014 by Neustar.
Citigroup is sole book-running manager. The underwriter’s over-allotment option covers the purchase of up to 3 million additional units.
Bullpen Parlay has applied to list on the Nasdaq under BPACU. Read more.
