PlayUp Limited, a global online betting operator, and IG Acquisition today announced a business combination agreement under which PlayUp will list on the Nasdaq via a newly-formed Irish company at a valuation of $350 million. The transaction is expected to close in the first quarter of 2023.
Founded in 2014, PlayUp is a global sports, entertainment and betting operator that develops its own proprietary technology for its platform.
IG Acquisition in a definitive proxy filed earlier this month called a Sept. 29 meeting for shareholders to vote on an extension proposal that would push the SPAC’s merger deadline back to April 5.
IG Acquisition raised $300 million in a September 2020 IPO. Read more.