Genius Sports Group files registration statement with dMY Technology

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Genius Sports Group Limited, a provider of sports data and technology powering the sports betting sector, has announced the filing through a newly created holding company, Galileo NewCo Limited, of a registration statement with the US Securities and Exchange Commission. It includes a proxy statement/prospectus in connection with its recently announced proposed business combination with publicly traded SPAC dMY Technology Group Inc.

The proposed business combination will be effected through NewCo, whereby dMY II will become a subsidiary of NewCo. While the registration statement has not yet become effective and the information contained therein is subject to change, it provides important information about GSG, NewCo, dMY II and the transaction. The filing can be viewed on the SEC’s website at www.sec.gov.

dMY II’s Class A common stock and warrants are currently traded on The New York Stock Exchange under the ticker symbols “DMYD” and “DMYD WS” respectively. Upon completion of the transaction, NewCo expects its ordinary shares and warrants to trade on the NYSE under the new ticker symbols “GENI” and “GENI WS”, respectively.

The transaction, which was announced on October 27, 2020, has been unanimously approved by the boards of directors of both GSG and dMY II and it is subject to a number of closing conditions, including the approval of the transaction by dMY II’s stockholders, the Registration Statement being declared effective by the SEC and a number of other customary conditions.

The company also reaffirmed its full-year 2020 projections and expects to generate revenue of approximately $145m and adjusted EBITDA of approximately $14m.

Mark Locke, GSG Co-Founder and CEO, commented: “Amidst a global pandemic, we have made great progress in 2020 and are on track for sustained strong performance in 2021. Looking ahead, our anticipated merger with dMY II and NYSE listing will strengthen our position as a true partner to sports leagues, sportsbooks and media groups worldwide.”

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