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CUSIP No. 26142R104
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Schedule 13D
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Page 13 of 14 Pages
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Item 1. Security and Issuer.
This Amendment No. 2 (this Amendment No. 2) to Schedule 13D relates to the Class A Common
Stock, par value $0.0001 per share (the Class A Common Stock), of DraftKings Inc., a Nevada corporation (the Issuer), and amends and supplements the initial statement on Schedule 13D filed on
May 1, 2020 (the Original Schedule 13D), as amended and supplemented by Amendment No. 1 to the Original Schedule 13D filed on July 25, 2020.
Each Item below amends and supplements the information disclosed under the corresponding Item of the Original Schedule 13D as described below.
Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Original Schedule 13D. Unless otherwise indicated herein, capitalized terms used but not defined in this Amendment
No. 2 shall have the same meanings herein as are ascribed to such terms in the Original Schedule 13D. Information given in response to each Item shall be deemed incorporated by reference in all other Items, as applicable.
Item 4. Purpose of Transaction.
Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following:
The information set forth in Item 5(c) of this Amendment No. 2 is incorporated herein by reference.
Item 5. Interest in Securities of the Issuer.
Paragraphs (a), (b) and (c) of Item 5 of the Original Schedule 13D are hereby amended and supplemented as follows:
(a), (b) The responses of the Reporting Persons with respect to Rows 7 through 13 of the respective cover pages of the individual
Reporting Persons to this Amendment No. 2 are incorporated herein by reference.
(c) In connection with an underwritten public
offering of the Issuer, on October 9, 2020, the Reporting persons sold 4,972,572 shares of Class A Common Stock at a price of $50.83 per share, resulting in net proceeds to the Reporting Persons of approximately $252.7 million (the
Sale). The Sale was made pursuant to the Prospectus, under which the Issuer offered 16,000,000 shares of Class A Common Stock and certain selling stockholders, including the Reporting Persons, offered
16,000,000 shares of Class A Common Stock.
Except as set forth in this Amendment No. 2, none of the Reporting Persons nor,
to the best of its knowledge, any of the Covered Persons has engaged in any transaction with respect to the Class A Common Stock during the sixty days prior to the date of filing of this Amendment No. 2.
(e) The Reporting Persons ceased to be the beneficial owners of more than five percent of Class A Common Stock on October 9,
2020.