Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.6
DraftKings Inc. reported financial results for the quarter and year ended December 31, 2023.
- Period
- the quarter and year ended December 31, 2023
- Result
- reported results
Exact text from the filing
On February 15, 2024, DraftKings issued a press release announcing the Company’s financial results for the quarter and year ended December 31, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
DraftKings Inc. entered into Agreement and Plan of Merger and Plan of Reorganization with JackPocket Inc. valued at aggregate consideration of $750,000,000, approximately $412,500,000 cash and approximately $337,500, (effective 2024-02-11).
- Action
- entry
- Agreement
- merger
- Counterparty
- JackPocket Inc.
- Value
- aggregate consideration of $750,000,000, approximately $412,500,000 cash and approximately $337,500,
- Effective
- 2024-02-11
Exact text from the filing
On February 11, 2024, DraftKings Inc., a Nevada corporation (the “ Company ” or “ DraftKings ”), JackPocket Inc., a Delaware corporation (“ Jackpocket ”), DraftKings Holdings Inc., a Nevada corporation and a direct wholly-owned subsidiary of DraftKings (“ DK HoldCo ”), Fortune Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of DK HoldCo (“ Merger Sub I ”), Fortune Merger Sub LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of DK HoldCo (“ Merger Sub II ” and, together with Merger Sub I, the “ Merger Subs ”) and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as representative, agent and attorney-in-fact of the Jackpocket securityholders, entered into an agreement and plan of merger and plan of reorganization (the “ Merger Agreemen t”).
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