Brief: DD3 Acquisition Says entered into definitive business combination agreement with Codere Online

Codere Online Luxembourg SA

22/06/2021 04:38

June 21 (Reuters) - DD3 Acquisition Corp II  DDMX.O :
    * CODERE ONLINE TO BECOME THE FIRST PUBLICLY-LISTED ONLINE
GAMING
OPERATOR IN LATIN AMERICA VIA BUSINESS COMBINATION WITH DD3
ACQUISITION CORP. II
    * BUSINESS COMBINATION VALUES COMBINED COMPANY AT AN
ESTIMATED PRO
FORMA ENTERPRISE VALUE OF APPROXIMATELY $350 MILLION
    * CODERE ONLINE EXPECTS TO HAVE UP TO AN APPROXIMATELY $145
MILLION CASH POSITION TO BE USED TO FUND MARKETING EXPENDITURES
    * CODERE ONLINE EXPECTS TO HAVE UP TO AN APPROXIMATELY $145
MILLION CASH POSITION
    * PURSUANT TO BUSINESS COMBINATION, HOLDCO WILL ACQUIRE BOTH
SEJO
AND DD3, AND BECOME PUBLICLY-LISTED CO IN U.S.

Source text for Eikon:  ID:nGNX7pvL4d 
Further company coverage:  DDMX.O 

 ((Reuters.Briefs@thomsonreuters.com;))