Item 3.02 Unregistered Sales of Equity Securities.
On January 22, 2021, Bally's Corporation entered into an agreement to acquire
Monkey Knife Fight ("MKF") for (1) immediately exercisable penny warrants to
purchase up to 984,450 Bally's common shares (subject to adjustment) at closing
and (2) contingent penny warrants to purchase up to 787,550 additional Bally's
common shares half of which is issuable on each of the first and second
anniversary of closing. The contingency relates to MKF's continued operations in
jurisdictions in which it operates at closing. The closing is subject to
customary closing conditions and is expected to close in the first quarter of
2021.
The warrants will be issued in reliance on the private offering exemption from
registration under Section 4(a)(2) of the Securities Act of 1933. Bally's has
agreed to register the resale of the common shares issued upon exercise of the
warrants.
Item 7.01 Regulation FD Disclosure.
On January 25, 2021, the Company published a press release announcing the MKF
agreement described in Item 3.02 above. A copy of the press release is furnished
as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated January 25, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses