Super Group, the operating company of Betway and Spin, has finalised its merger with SPAC partner Sports Entertainment Acquisition Corporation (SEAH).
As a result of the transaction, Super Group intends to issue its shareholding on the New York Stock Exchange (NYSE) beginning Friday 28 January.
The duo expects all closing conditions for the business combination – which will see Super Group trade its shares on the NYSE under the ticker of SGHC – to be completed by the end of today.
In completing the transaction, SEAH expects to generate around $202.4 million from its trust proceeds, reflecting approximately 45% of the publicly held shares that were not submitted for redemption.
