Another Sports Betting Stock Is Going Public as Super Group to Merge With Sports Entertainment SPAC

Online sports betting and gaming company Super Group has agreed to go public via a merger with Sports Entertainment Acquisition (NYSE: SEAH), a special purpose acquisition company, or SPAC.

Despite the Securities & Exchange Commission sending a shockwave through the SPAC market over accounting issues earlier this month -- which may have contributed to there being no SPAC IPOs last week and only a handful of deals -- Sports Entertainment and Super Group are starting this week off with a merger announcement.

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Source Fool.com