- Special Meeting of Stockholders Scheduled for
December 29, 2020 -
dMY Technology Group, Inc. (“dMY” or the “Company”) (NYSE: DMYT,
DMYT.U and DMYT WS), announced today that it has scheduled the
special meeting of its stockholders (the “Special Meeting”) to
approve the proposed business combination (the “Business
Combination”) with Rush Street Interactive, LP (“RSI”) and certain
other matters for December 29, 2020 at 10:00 a.m. Eastern Time.
The Company also announced today that it has filed its
definitive proxy statement for the Special Meeting with the United
States Securities and Exchange Commission (the “SEC”) and will
distribute the definitive proxy statement and proxy card to its
stockholders of record as of the November 30, 2020 record date for
the Special Meeting (the “Record Date”). Following the closing of
the Business Combination, the post-Business Combination Company’s
Class A Common Stock and warrants are expected to trade on the New
York Stock Exchange (“NYSE”) under the symbols “RSI” and “RSI WS”,
respectively. The closing of the Business Combination is subject to
approval by dMY’s stockholders and the satisfaction of other
customary closing conditions for transactions of this type and is
expected to close as soon as practicable following the Special
Meeting.
About Rush Street Interactive
Founded in 2012 by gaming industry veterans Neil Bluhm, Greg
Carlin and Richard Schwartz, RSI is a market leader in online
casino and sports betting in the U.S. RSI launched its first online
gaming casino site, PlaySugarHouse.com in New Jersey, in September
2016 and was the first gaming company to launch a regulated online
gaming site in Pennsylvania. With its BetRivers.com sites, Rush
Street Interactive was also the first to launch regulated online
gaming in the states of Indiana, Colorado and, most recently,
Illinois. RSI has been an early mover in Latin America and was the
first U.S.-based gaming operator to launch a legal and regulated
online casino and sportsbook, RushBet.co, in the country of
Colombia. Rush Street Interactive was named the 2020 Global Gaming
Awards Digital Operator of the Year, and the 2020 EGR North America
Awards Casino Operator of the Year and Customer Service Operator of
the Year. For more information, visit
www.rushstreetinteractive.com.
About dMY Technology Group, Inc.
dMY Technology Group, Inc. is a $230 million special purpose
acquisition company founded by Niccolo de Masi and Harry You for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. dMY Technology’s initial
public offering was underwritten by Goldman Sachs & Co. and UBS
Investment Bank, and its common stock, units and warrants began
trading on the NYSE on February 21, 2020 under the ticker symbols
DMYT, DMYT-UN and DMYT-WT, respectively. More information can be
found at www.dmytechnology.com.
Important Information About the Proposed Business Combination
and Where to Find It
In connection with the proposed business combination, dMY filed
a definitive proxy statement with the SEC. dMY’s stockholders and
other interested persons are advised to read the definitive proxy
statement and documents incorporated by reference therein filed in
connection with the proposed Business Combination, as these
materials contain important information about RSI, dMY and the
proposed Business Combination. The definitive proxy statement and
other relevant materials for the proposed Business Combination have
been mailed to stockholders of dMY as of the Record Date.
Stockholders may also obtain copies of the definitive proxy
statement and other documents filed with the SEC that have been
incorporated by reference therein, without charge, at the SEC’s web
site at www.sec.gov, or by directing a request to: dMY Technology
Group, Inc., Attention: Niccolo de Masi, Chief Executive Officer,
niccolo@dmytechnology.com.
Participants in the Solicitation
dMY and its directors and executive officers may be deemed
participants in the solicitation of proxies from dMY's stockholders
with respect to the Business Combination. A list of the names of
those directors and executive officers and a description of their
interests in dMY is contained in the definitive proxy statement and
is available free of charge at the SEC’s website at www.sec.gov, or
by directing a request to dMY Technology Group, Inc., 1180 North
Town Center Drive, Suite 100, Las Vegas, Nevada 89144. Additional
information regarding the interests of such participants is
contained in the definitive proxy statement for the proposed
Business Combination.
RSI and its directors and executive officers may also be deemed
to be participants in the solicitation of proxies from the
stockholders of dMY in connection with the Business Combination. A
list of the names of such directors and executive officers and any
information regarding their interests in the proposed Business
Combination is included in the definitive proxy statement referred
to above for the proposed Business Combination.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. The Company’s and RSI’s
actual results and plans may differ materially from their
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, the Company’s and RSI’s
expectations with respect to the Special Meeting including the date
of the Special Meeting, the satisfaction of the closing conditions
to the Business Combination, the trading of shares and warrants of
the post-Business Combination company on the NYSE, and the timing
of the completion of the Business Combination. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from those disclosed in the forward-looking statements.
Most of these factors are outside the Company’s and RSI’s control
and are difficult to predict. Factors that may cause such
differences include, but are not limited to: (1) the occurrence of
any event, change or other circumstances that could give rise to
the termination of the Business Combination Agreement, as described
in and filed with the definitive proxy statement, or could
otherwise cause the Business Combination to fail to close; (2) the
outcome of any legal proceedings that may be instituted against the
Company and/or RSI following the announcement of the Business
Combination Agreement and the transactions contemplated therein;
(3) the inability to complete the proposed Business Combination,
including due to failure to obtain approval of the stockholders of
the Company, certain regulatory approvals or satisfy other
conditions to closing in the Business Combination Agreement; (4)
the impact of COVID-19 on RSI’s business; (5) the inability to
obtain or maintain the listing of the shares and warrants of the
post-business combination company on the NYSE following the
Business Combination; (6) the risk that the Business Combination
disrupts current plans and operations as a result of the
announcement and consummation of the Business Combination; (7) the
ability to recognize the anticipated benefits of the Business
Combination, which may be affected by, among other things,
competition, the ability of the post-Business Combination company
to grow and manage growth profitably and retain its key employees;
(8) costs related to the Business Combination; (9) changes in
applicable laws or regulations; (10) the possibility that RSI or
the post-business combination company may be adversely affected by
other economic, business, and/or competitive factors; and (11)
other risks and uncertainties indicated in the definitive proxy
statement relating to the Business Combination, including those
under “Risk Factors” therein, and in the Company’s other filings
with the SEC. The Company cautions that the foregoing list of
factors is not exclusive. The Company cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. The Company does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination. This press release
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201214005461/en/
For RSI: Media: Jonathan Gasthalter / Carissa
Felger / Nathaniel Garnick (312) 319-9233 / (212) 257-4170
rsi@gasthalter.com or Lisa Johnson (609) 788-8548
lisa@lisajohnsoncommunications.com Investors: rsi@icrinc.com
For dMY Technology: Niccolo de Masi (310) 600-6667
niccolo@dmytechnology.com
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