LAS VEGAS: Tekkorp Digital Acquisition Corp., a special-purpose acquisition company backed by Tekkorp Capital LLC, has filed for a $250 million initial public offering on the Nasdaq.
Leading the blank check company’s $1 billion-plus acquisition plans are Matt Davey, CEO, and Robin Chhabra, president, backed up by a board of directors which include former Caesars’ CEO Tony Rodio, Sean Ryan from Facebook, and Atlantic City veteran Morris Bailey.
Davey said: “An acquisition by a blank check company with a management team that is well known to, and respected by, technology company founders, their current third-party investors, their management teams and the public markets, we believe, can provide a more transparent and efficient mechanism to bring a private technology company to the public markets.
“We intend to focus our target-sourcing efforts on assessing companies that we believe would benefit significantly from being publicly-traded.”
Chhabra added: “We look forward to providing attractive investment opportunities to our shareholders which capitalize on trends that fundamentally reshape the way we consume sports, media, gaming and entertainment.”
By corralling and maximizing the potential of its target(s), TDAC plans to capitalize on the convergence of sports, media and gaming and the rapid growth and regulation of these sectors powered by the inexorable and catalytic trend towards the digitization of entertainment.
