Genius Sports Group (“GSG”) the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media, announced today that it has completed its previously announced business combination (the “Business Combination”) with dMY Technology Group, Inc. II (“dMY II”). The Business Combination was approved at a special meeting of dMY II’s stockholders held Friday, April 16.
Upon completion of the business combination, the combined company changed its name to genius sports limited (“genius sports” or “the company”). Effective Wednesday, April 21, 2021, Genius Sports Common Stock and Warrants will be listed on the New York Stock Exchange (the “NYSE”) under the ticker symbols “GENI” and “GENI WS”, respectively. . With over $145 million in cash and no financial debt on the balance sheet, Genius Sports is poised to continue capitalizing on the considerable growth expected in the global online sports betting market.
Reading: Genius sports merger
gsg is a leading sports data and technology provider powering the sports, betting and media ecosystem. genius sports acquires data from sporting events around the world and provides it to sports betting operators, providing them with secure, high-quality, mission-critical data and content that help them better engage with and protect their customers. The company is an innovator with a leading portfolio of official data rights – the broadcast of live sports statistics that is sanctioned and otherwise owned by the relevant governing league. genius sports provides data on over 240,000 events each year (effectively every hour of every day) and is the official provider of over 150,000 of these events. The company also provides digital marketing and engagement for the world of sports, enabling brands to activate fans around the world with personalized multi-channel content.
cool sports scale, access to official data and innovative technology platform set it apart within the industry. The company maintains long-term partnerships with more than 400 sports organizations around the world, including the NFL, NBA, NCAA, FIBA, FIFA, EPL and NASCAR. its proprietary technology and data sources are critical to the success of its sports betting partners.
“As genius sports enters an exciting new chapter in its history, we find ourselves in a unique position at the heart of the global sports, betting and media ecosystem,” said mark locke, CEO and co-founder of genius sports. “Our merger with dmy ii and listing on the nyse is a testament to the tremendous opportunity that lies ahead as we leverage our unique scale, drive innovation and deliver products that help our partners create new and immersive fan experiences. of sport around the world.
“With its proprietary technology, unmatched access to data and a growing network of partnerships, gsg is powering the global sports, betting and media ecosystem,” said niccolo de masi, chief executive officer of dmy technology group. “In addition, the company benefits from a strong competitive moat and clear and promising growth opportunities that should deliver attractive long-term shareholder value.”
as previously announced, mark locke will continue to lead the company as chief executive officer. locke will be supported by a large talent pool with substantial experience in finance, technology and the sports betting industry. The board of directors will initially consist of eight members, including Mark Locke; president david leva; the president of dmy ii harry you and ceo niccolo de masi; apax partners albert costa centena, gabriele cipparrone and roxana mirica; and Daniel Burns of Oakvale Capital.
goldman sachs & co. llc acted as exclusive financial advisor to dmy ii. oakvale capital llp acted as exclusive financial advisor to gsg. goldman sachs & co. llc acted as lead placement agent for the pipeline transaction. credit suisse security (usa) llc and oakvale capital llp also acted as capital markets advisers to dmy ii and gsg, respectively, and placement agents for the pipeline transaction. kirkland & ellis llp is serving as legal counsel to gsg. white & case llp served as legal counsel to dmy ii. goldman sachs & co. LLC acted as the sole bookrunner for the initial public offering of DMY II; needham & co. also acted as a subscriber.
about cool sports
genius sports is the official data, technology and business partner powering the global ecosystem connecting sports, betting and media. We are a world leader in digital sports content, technology and integrity services. our technology is used in more than 150 countries around the world, enabling sports to capture, manage and distribute their data and live video, driving their digital transformation and improving their relationships with fans.
We are the trusted partner of more than 400 sports organizations worldwide, including many of the world’s largest leagues and federations such as the NFL, NBA, EPL, FIBA, NCAA, NASCAR, AFA and PGA.
genius sports is uniquely positioned through cutting edge technology, scale and global reach to support our partners. We are more than just a technology company, we build long-term relationships with sports at all levels, helping them control and maximize the value of their content while providing technical expertise and 24-hour support.
aabout the dmy ii technology group
dmy technology group, inc. ii was a publicly traded special purpose acquisition company founded for the purpose of effecting a merger, equity exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more other companies.
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, expectations regarding the future performance and anticipated financial impacts of the business combination. in some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
These forward-looking statements are based on estimates and assumptions that, while considered reasonable by the company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the outcome of any legal proceedings or regulatory matters or investigations that may be brought against the company; (2) the ability to meet public listing standards after consummation of the business combination; (3) the risk that the business combination will disrupt GSG’s current plans and operations as a result of the announcement and consummation of the business combination; (4) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, gsg’s ability to grow and manage growth profitably, maintain customer and supplier relationships, and retain its management and key personnel employees; (5) costs related to the business combination; (6) changes in applicable laws or regulations; (7) the possibility that the company will be negatively affected by other economic, commercial and/or competitive factors; (8) the impact of covid-19 on the company’s business; and (9) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s filings with the SEC, including the registration statement on Form F-4 at relation to the business combination .
limited sports genius:
chris dougan, director of communications +1 (202)-766-4430 email@example.com
tristan peniston-bird, the group one nine three +44 7772 031 886 firstname.lastname@example.org
brandon bukstel, investor relations manager +1 (954)-554-7932 email@example.com
dmy technology group, inc. me
niccolo de masi +1 (310) 600-6667 firstname.lastname@example.org
harry you +1 (702) 781-4313 email@example.com