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  1. #1
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    Help under standing SPAC

    Diamond Eagle Acquisition Corp (SPAC) was cleared to moveforward with the acquisition of Draft Kings. Only thing left is a shareholdersmeeting to get the vote.



    My question is, I have heavily purchased into the SPAC, andoptions on it as well calling them in November, will the options auto transfer underthe new trading symbol and is there a way to know whether or not my purchasedshares will be transitioned into the new company or will they be bought out?


  2. Member
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    #2
    The SEC documents explaining the merger should let you know if shares will be transferred, or if they will buy you out. If the shares are only transferred, then your shares will probably disappear for a little while and then reappear under the new symbol. Not sure on the options, I've never been through a merger with those.

  3. Member
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    #3
    Alright Ill get reading then! thank you

  4. Member
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    #4
    Quote Originally Posted by Rondel41 View Post
    Alright Ill get reading then! thank you