Diamond Eagle Acquisition Corp.
announcedU=S+W/3W=S@11.50
DKNG
Capital Structure & Economics
Trust Size$350,000,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
33% Warrant Inclusion| Public Trust Allocation | $350,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedApr 11, 2019
Target AnnouncedDec 22, 2019
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyDraftKings Inc.
- SectorDigital Sports Entertainment and Gaming
- Announced Deal Size$2,700,000,000
- Announcement Date2019-12-22
Board & Officers
- CEO
- Officer
- Officer
- Officer
- Director
- Director
- Director
- Director
- Director
- Shalom Meckenzie(2)Director
- Director
- Ryan R. Moore(2)Director
- Valerie MosleyDirector
- Steven J. Murray(2)Director
- Hany M. Nada(2)Director
- Director
- John S. Salter(2)Director
- Marni M. Walden(2)Director
- Director
- Director
- Director
- Scott I. RossDirector
Advanced Structuring Terms
| Target Sectors | Digital Sports Entertainment and Gaming |
Syndicate & Advisors
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.