Genius Creates A New Holding Company

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March 28, 2022
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Genius Creates A New Holding Company for Listing On Nyse

Genius sports group limited, a leading vehicle and technology provider, announced an application through the recently created holding company galileo newco limited to the securities and exchange commission, which includes a statement with the recently announced business association with dmy technology group, inc. Ii.

The proposed business association will be carried out through galileo newco, will become a subsidiary of galileo newco. Although the registration application has not yet entered into force and the information contained in it may be changed, it provides important information about genius sports group, galileo newco, dmy ii and transaction.

The company also confirmed its predictions and experts that the revenue will be about $ 145 million, and the corrected ebitda indicator is approximately 14 million dollars.

"In a global pandemic, we have achieved great success in 2020 and are on the road to sustainable high rates in 2021. Looking into the future, we can say that our expected merger will strengthen our position as a real partner of sports leagues, bookmaker and media groupsro. ",

– said mark locke, co-founder and general director genius sports group.

Source: official site genius sports group

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