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DMYD.U - DMY Technology II Inc News Story

$18.13 -3.9  -17.7%

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Technology
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6849

BUZZ-SPAC dMY Technology shares soar after Genius Sports' NFL deal

Mon 5th April, 2021 11:00pm
** Shares in bank check company dMY Technology Group II Inc
 DMYD.N  registered a record closing high after rising 40.8% on
Monday after its acquisition target Genius Sports Group
announced on Thursday that it had signed a deal with the NFL
    ** London-based Genius Sports Group Ltd said on Oct. 27 that
it would go public through a merger with New York-listed dMY
Technology, a special purpose acquisition company (SPAC)
 urn:newsml:reuters.com:*:nL4N2HI202  urn:newsml:reuters.com:*:nL1N2HI0V7
    ** While the SPAC deal has not yet closed, investors flocked
to dMY on Monday, the first trading session after Genius Sports
announced late Thursday that it signed a multi-year partnership
with The National Football League (NFL) 
    ** Genius will be the NFL's exclusive distributor of
real-time official statistics and the League's official sports
betting data feed to media and sports betting operators.
 urn:newsml:reuters.com:*:nPn7HlpGDa
    ** dMY shares closed up $6.37 at $22 on Monday with trading
volume approaching 8 times its 10-day moving average. On March
29 dMY announced a special meeting of shareholders on April 16
to vote on the Genius Sports deal, which if approved would close
around April 20.  urn:newsml:reuters.com:*:nBw7CXnCpa 


 (Reporting by Sinéad Carew and Lance Tupper)
 ((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net))
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