Codere Online has made its entry on the Nasdaq stock exchange, following the conclusion of its merger with SPAC DD3 Acquisition Corp. II, becoming the first listed wagering firm for Latin American markets.
The shares and warrants of Codere Online will be listed on the Global Nasdaq stock market under the “CDRO” and “CDROW” tickers respectively.
Codere Online predicts that the merger and subsequent public listing will result in gross proceeds of approximately $116 million, or approximately $103 million, which will be used to financially support its ‘ambitious expansion plan’ within Latin American online wagering markets.
This expansion strategy will see investment across marketing, technological development and optimisation of the group’s gaming platform, in order to secure commercial growth in the region.
