Sports data technology company Genius Sports Group (GSG) has announced the completion of its anticipated business combination with special acquisition company (SPAC) dMY Technology Group Inc. II (dMY II) that will see GSG trade on the New York Stock Exchange (NYSE).
The merger was approved at a meeting of dMY II’s stockholders on April 16. Once the business combination is completed, the combined business will become Genius Sports Limited.
From April 21, Genius will begin trading on the NYSE under the ticker symbols GENI and its warrants as GENI WS. The business will go public with a valuation of $1.50bn (£1.08bn/€1.26bn).
“As Genius Sports enters an exciting new chapter in its history, we are uniquely positioned at the heart of the world’s sports, betting and media ecosystem,” said Mark Locke, chief executive officer and co-founder of Genius Sports.
“Our merger with dMY II and listing on the NYSE are a testament to the enormous opportunity ahead of us as we leverage our unique scale..