Carey Olsen's corporate team in Guernsey has advised Genius Sports on its public listing on the New York Stock Exchange (NYSE), following its merger with dMY Technology Group II, an NYSE-listed special purpose acquisition company (SPAC).
The transaction implies a pro forma enterprise value for Genius Sports, pre-merger, of approximately $1.5bn. It will trade on the NYSE under the symbols GENI and GENI WS.
The deal also represents the first NYSE-listed SPAC transaction to involve a Guernsey company.
Genius Sports Group specialises in digital sports content, technology and integrity services, acquiring data from sports events around the world and supplying it to sports betting operators and other organisations.
It most recently agreed a multi-year strategic partnership with the National Football League to become the NFL's exclusive distributor of real-time official play-by-play statistics, proprietary Next Gen Stats data, and its official sports betting data feed to media companies and sports betting operators globally.
The Carey Olsen team advising Genius Sports on the Guernsey legal and regulatory aspects of its NYSE listing comprised Partner Christopher Anderson, Senior Associate John Scanlan and Associates Rachel de la Haye, Alexandra Hehir and Nickie Pickernell.