Isos Acquisition and Bowlero, an owner-operator of bowling centers and owner of the Professional Bowlers Association, today announced that Isos’s registration statement on Form S-4 has been declared effective by the SEC.
Isos scheduled a shareholder vote on the merger for Dec. 14. Terms call for a $450 million PIPE consisting of convertible preferred and common stock in consideration for $345 million in cash and $105 million of investment management company Atairos’ existing equity.
Bowlero announced last week that it had outperformed expectations for the quarter ended Sept. 26 and posted significant growth vs. pre-pandemic levels. Read more.
