Harian · April 20, 2021

Genius Athletics Completes $1.5B dMY Know-how II Merger

Genius Sports Group, a British isles-centered athletics betting data business, announced now its ongoing merger with dMY Know-how Team II was concluded following the acceptance of the mix at a distinctive conference of the shareholders of the SPAC.

New Chapter Starts

Genius Athletics Group and the unique purpose acquisition firm entered into a definitive settlement for the $1.5 billion merger in Oct 2020 to guarantee a route for the sports data distributor to go community on the New York Stock Exchange (NYSE).

“As Genius Sports enters an remarkable new chapter in its background, we are uniquely positioned at the heart of the world’s sports, betting and media ecosystem.”

As beforehand declared, Genius Sports activities Group adjusted its title to Genius Athletics following the completion of the company mix to aid the organization consolidate its brand initiatives. Setting up from April 21, 2021, regular shares and warrants of Genius Sports will trade on the NYSE below the ticker symbols “GENI” and GENI WS”, respectively.

“Our merger with dMY II and listing on the NYSE are a testament to the huge chance ahead of us as we leverage our special scale, push innovation and provide solutions that support our associates generate new and immersive activities for sporting activities followers all-around the environment.”

Critical Purpose in the Ecosystem

Genius Sports’ performs a central purpose in the sports activities betting ecosystem by acquiring info from athletics functions globally and distributing it to athletics betting operators, making it possible for them to interact with sporting activities supporters by way of protected, mission-vital information and content material.

“With its proprietary technologies, unparalleled access to information and increasing community of partnerships, GSG is powering the international sports activities, betting and media ecosystem.”

Niccolo de Masi, CEO, dMY Technology Team II

Genius Sports long-expression partnerships with more than 400 sports activities organizations throughout the world, between which the Nationwide Football League (NFL), National Basketball Affiliation (NBA), National Collegiate Athletic Association (NCAA), FIBA, FIFA, English Leading League (EPL)  and NASCAR, enables the knowledge company accessibility to formal facts from extra than 240,000 sporting activities functions each year, being the formal information service provider for 150,000 of them.

“What’s more, the firm advantages from a solid competitive moat and distinct, promising progress opportunities that should really travel persuasive worth for shareholders above the extensive-time period.”

Niccolo de Masi, CEO, dMY Technology Team II

With no money financial debt on its harmony sheet and additional than $145 million of hard cash following the mixture, the new business entity, pushed by its innovative technology platform, can carry on to capitalize on advancement expectations with regards to US sporting activities betting.

Moreover supplying vital for sports betting details, Genius Sporting activities delivers digital advertising and engagement, enabling brands to attain to their followers via individualized, multi-channel information.