Hurry Road Interactive Announces Redemption of Public Warrants | Enterprise & Finance

The General public Warrants are exercisable for an mixture of about 11.5 million shares of Course A frequent inventory, which displays the full quantity of outstanding Public Warrants as of February 19, 2021, at a value of $11.50 for each warrant, representing about $132.25 million in full opportunity funds proceeds to RSI (assuming all the Community Warrants are exercised).

Any this kind of Public Warrants that continue to be unexercised following 5:00 p.m. New York City time on March 24, 2021 will be void and no for a longer time exercisable, and the holders of all those community warrants will be entitled to receive only the redemption selling price of $.01 for every warrant.

The General public Warrants to acquire shares of RSI’s Course A common stock ended up issued underneath the Warrant Arrangement, dated as of February 20, 2020 (the “Warrant Agreement”), by and among RSI (as successor to dMY Technological innovation Team, Inc.) and Continental Inventory Transfer & Rely on Business (“CST”), as warrant agent and transfer agent. Warrants that ended up issued less than the Warrant Settlement in a single or extra private placements and held by the founders of dMY Technological innovation Group, Inc. are not subject matter to this redemption.

Beneath the phrases of the Warrant Arrangement, RSI is entitled to redeem all of these types of superb general public warrants if the documented closing rate of RSI’s Course A popular inventory is at the very least $18.00 for each share on each and every of twenty trading days inside of a 30-buying and selling day period of time ending on the third company working day prior to the date on which RSI provides observe of redemption.

CST, in its potential as warrant agent, has sent a discover of redemption to the registered holders of such exceptional community warrants on behalf of RSI.

At the way of RSI, CST, in its capacity as warrant agent, has mailed a recognize of redemption to every of the registered holders of the outstanding Community Warrants. Holders of Community Warrants in “street name” really should instantly get in touch with their broker to identify their broker’s technique for training their Public Warrants due to the fact the course of action to exercising the Community Warrants is voluntary.

None of RSI, its Board of Administrators or workforce has produced or is generating any illustration or recommendation to any holder of the General public Warrants as to regardless of whether to workout or refrain from performing exercises any Community Warrants.

The shares of Class A popular inventory fundamental this sort of community warrants have been registered by RSI under the Securities Act of 1933, as amended, and are included by a registration assertion submitted on Type S-1 with, and declared helpful by, the Securities and Trade Commission (Registration No. 333-252810).

Questions regarding redemption and work out of these public warrants can be directed to Continental Stock Transfer & Belief Company, 1 Point out Avenue, 30 th ground, New York, New York 10004, Notice: Compliance Section, telephone variety (212) 509-4000 and [email protected].

This push release shall not represent an supply to promote or the solicitation of an present to get any RSI securities and shall not represent an give, solicitation or sale in any jurisdiction in which this sort of providing, solicitation or sale would be unlawful.

Started in 2012 by gaming industry veterans, RSI is a marketplace chief in online casino and sports activities betting in the U.S., at present functioning authentic-revenue gaming in 9 U.S. states. RSI introduced its initial on the internet gaming web-site in New Jersey in September 2016, and by way of its BetRivers.com and PlaySugarHouse.com internet sites, RSI was the initially to launch regulated online gaming in Colorado, Illinois, Indiana and Pennsylvania. RSI was named the 2020 International Gaming Awards Electronic Operator of the 12 months, and the 2020 EGR North America Awards Casino Operator of the 12 months and Consumer Company Operator of the Calendar year. RSI has been an early mover in Latin America and was the initial U.S.-based gaming operator to launch a legal and controlled on the internet casino and sportsbook, RushBet.co, in the region of Colombia. For additional information and facts, go to www.rushstreetinteractive.com.

Get hold of: Media Inquiries:

Jonathan Gasthalter / Carissa Felger / Nathaniel Garnick

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Resource: Rush Avenue Interactive, Inc.

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PUB: 02/22/2021 07:30 AM/DISC: 02/22/2021 07:30 AM