Diamond Eagle Acquisition Corp. \ DE
Completed 2020-04-23- CIK 1772757
- DEAC
- Now DKNG
- IPO 2019-05-14
- $405M trust
- 622 filings
Successfully merged with DraftKings Inc. and SBTech (Global) Limited • Now trading as DKNG
- IPO Size
- $400M
- raised at the IPO
- Trust
- $405M
- as of 2020-03-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
622 filings over 21 quarters; violet bars carry a milestone
- 19 Q2: 21 filings
- 19 Q3: 2 filings
- 19 Q4: 13 filings
- 20 Q1: 27 filings
- 20 Q2: 114 filings
- 20 Q3: 42 filings
- 20 Q4: 38 filings
- 21 Q1: 53 filings
- 21 Q2: 74 filings
- 21 Q3: 71 filings
- 21 Q4: 65 filings
- 22 Q1: 52 filings
- 22 Q2: 44 filings
- 22 Q3: 0 filings
- 22 Q4: 0 filings
- 23 Q1: 0 filings
- 23 Q2: 0 filings
- 23 Q3: 0 filings
- 23 Q4: 0 filings
- 24 Q1: 5 filings
- 24 Q2: 1 filing
- S-1 filed 19 Q2
- IPO 19 Q2
- Definitive agreement 19 Q4
- Completed 20 Q2
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Diamond Eagle Acquisition Corp. is a blank check company seeking to merge with, acquire or otherwise combine with one or more businesses.
Key Information
As the filings state it
- IPO Date
- 2019-05-14
- Total Redemptions
- $90.4K
- PIPE
- $305M
- SIC
- 6770
- Completion Date
- 2020-04-23
- Merger Target
- DraftKings Inc. and SBTech (Global) Limited
- SPAC Ticker
- DEAC
- Merged Ticker
- DKNG
Stock Performance
DKNGTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2019-07-25 | $9.80 | |
| At Merger | 2020-04-24 | $19.35 | +97% |
| 6 Months Post-Merger | 2020-10-26 | $39.69 | +105% |
| 1 Year Post-Merger | 2021-04-26 | $59.23 | +206% |
| 2 Years Post-Merger | 2022-04-25 | $14.68 | -24% |
| Current Price | 2026-10-14 | $18.90 | +93% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Jeff Sagansky and Eli Baker have extensive experience founding and operating SPACs and completing business combinations. Their backgrounds include media, entertainment, strategic investments and transaction execution; directors Fredric Rosen and Joshua Kazam bring entertainment and venture-capital experience.