Enjoyment and gaming SPAC Tekkorp Electronic Acquisition files for a $300 million IPO

Tekkorp Electronic Acquisition, a blank examine firm shaped by Tekkorp Money targeting the digital media and leisure industries, submitted on Friday with the SEC to raise up to $300 million in an initial general public supplying.

The Las Vegas, NV-primarily based corporation ideas to elevate $300 million by giving 30 million units at $10. Each individual unit consists of 1 share of frequent stock and just one-half of a warrant, exercisable at $11.50. At the proposed deal measurement, Tekkorp Digital Acquisition would command a market place value of $375 million.

The business is led by CEO Matthew Davey, founder of Tekkorp Cash and previous CEO of NYX Gaming Team, and Chairman Morris Bailey, the operator of Resorts Atlantic Town. The enterprise options to focus on organizations in electronic media, sports, leisure, leisure, or gaming industries.

Tekkorp Electronic Acquisition was started in 2020 and programs to listing on the Nasdaq beneath the image TEKKU. Jefferies is the sole bookrunner on the offer. 

The article Enjoyment and gaming SPAC Tekkorp Electronic Acquisition data files for a $300 million IPO originally appeared on IPO financial commitment supervisor Renaissance Capital’s net web page renaissancecapital.com.

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