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Friday, 07 May 2021 12:56 GMT

SEAH Shares Pop on Super Group Link


(MENAFN - Baystreet.ca) Sports Entertainment Acquisition Corp. (NYSE:SEAH) saw its shares rise Monday, on investor news

Super Group Holding Co is going public with Sports Entertainment Acquisition Corp. The SPAC merger values Super Group Holdings at a pre-money equity valuation of $4.75 billion.

SGHC (Super Group) is the holding company for leading global online sports betting and gaming businesses: Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering. The group is licensed in 23 jurisdictions, with leading positions in key markets throughout Europe, the Americas and Africa.

The group's successful sports betting and online gaming offerings are underpinned by its scale and leading technology, enabling fast and effective entry into new markets. Its proprietary marketing and data analytics engine empowers it to responsibly provide a unique and personalized customer experience.

Sports Entertainment Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. SEAH is focused on targets in the sports and entertainment sectors as well as the technology and services that are associated with these verticals.

Its Class A common stock trades on the New York Stock Exchange under the symbol "SEAH'. SEAH's management team is led by Eric Grubman and John Collins who each have decades of experience identifying, acquiring, operating and creating value for the owners of leading companies and entities.

SEAH shares gained 74 cents, or 7.5%, to $10.52

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