Item 8.01 Other Events.
This Current Report on Form 8-K is being filed by DraftKings Inc., a Nevada
corporation ("DraftKings"), with respect to its anticipated timing for the
consummation of its proposed acquisition (the "Acquisition") of Golden Nugget
Online Gaming, Inc. ("GNOG").
DraftKings and GNOG continue to pursue the remaining gaming regulatory approvals
necessary to consummate the Acquisition. Accordingly, DraftKings now expects the
Acquisition to be consummated on or prior to May 31, 2022, subject to the
satisfaction or waiver of closing conditions.
Forward Looking Statements
The statements in this Current Report on Form 8-K may contain forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act of 1995,
known as the PSLRA. When used in this Current Report on Form 8-K, the words
"estimates," "projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future," "propose" and
variations of these words or similar expressions (or the negative versions of
such words or expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance,
conditions or results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of which are
outside DraftKings' control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking statements. These
forward-looking statements include, without limitation, DraftKings' expectations
with respect to whether and when the Acquisition will be completed. These
forward-looking statements involve significant risks and uncertainties that
could cause actual results to differ materially from expected results. These
factors are outside DraftKings' 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 circumstance that could delay the
closing of the Acquisition or result in the termination of the agreements to
acquire GNOG, (2) changes in applicable laws or regulations, particularly with
respect to gaming, gambling, sportsbooks, fantasy sports and other similar
businesses; (3) the possibility that DraftKings may be adversely affected by
other economic, business, and/or competitive factors, (4) market and supply
chain disruptions due to the COVID-19 outbreak or other epidemics, pandemics or
similar public health events; and (5) other risks and uncertainties indicated
from time to time relating to the Acquisition, including those identified in
DraftKings' filings with the U.S. Securities and Exchange Commission (the
"SEC"). The foregoing list of factors is not exclusive. Readers should not place
undue reliance upon any forward-looking statements, which speak only as of the
date made. For a discussion of additional risks and uncertainties, which could
cause actual results to differ from those contained in the forward-looking
statements, see DraftKings' filings with the SEC. DraftKings undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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