dMY Technology Group, Inc. (dMY or the Company) (NYSE: DMYT, DMYT.U and DMYT WS), announced today that it has scheduled the special meeting of its stockholders (the Special Meeting) to approve the proposed business combination (the Business Combination) with Rush Street Interactive, LP (RSI) and certain other matters for December 29, 2020 at 10:00 a.m. Eastern Time.
The Company also announced today that it has filed its definitive proxy statement for the Special Meeting with the United States Securities and Exchange Commission (the SEC) and will distribute the definitive proxy statement and proxy card to its stockholders of record as of the November 30, 2020 record date for the Special Meeting (the Record Date). Following the closing of the Business Combination, the post-Business Combination Companys Class A Common Stock and warrants are expected to trade on the New York Stock Exchange (NYSE) under the symbols RSI and RSI WS, respectively. The closing of the Business Combination is subject to approval by dMYs stockholders and the satisfaction of other customary closing conditions for transactions of this type and is expected to close as soon as practicable following the Special Meeting.
About Rush Street Interactive
Founded in 2012 by gaming industry veterans Neil Bluhm, Greg Carlin and Richard Schwartz, RSI is a market leader in online casino and sports betting in the U.S. RSI launched its first online gaming casino site, PlaySugarHouse.com in New Jersey, in September 2016 and was the first gaming company to launch a regulated online gaming site in Pennsylvania. With its BetRivers.com sites, Rush Street Interactive was also the first to launch regulated online gaming in the states of Indiana, Colorado and, most recently, Illinois. RSI has been an early mover in Latin America and was the first U.S.-based gaming operator to launch a legal and regulated online casino and sportsbook, RushBet.co, in the country of Colombia. Rush Street Interactive was named the 2020 Global Gaming Awards Digital Operator of the Year, and the 2020 EGR North America Awards Casino Operator of the Year and Customer Service Operator of the Year. For more information, visit www.rushstreetinteractive.com.
About dMY Technology Group, Inc.
dMY Technology Group, Inc. is a $230 million special purpose acquisition company founded by Niccolo de Masi and Harry You for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. dMY Technologys initial public offering was underwritten by Goldman Sachs & Co. and UBS Investment Bank, and its common stock, units and warrants began trading on the NYSE on February 21, 2020 under the ticker symbols DMYT, DMYT-UN and DMYT-WT, respectively. More information can be found at www.dmytechnology.com.
Important Information About the Proposed Business Combination and Where to Find It
In connection with the proposed business combination, dMY filed a definitive proxy statement with the SEC. dMYs stockholders and other interested persons are advised to read the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed Business Combination, as these materials contain important information about RSI, dMY and the proposed Business Combination. The definitive proxy statement and other relevant materials for the proposed Business Combination have been mailed to stockholders of dMY as of the Record Date. Stockholders may also obtain copies of the definitive proxy statement and other documents filed with the SEC that have been incorporated by reference therein, without charge, at the SECs web site at www.sec.gov, or by directing a request to: dMY Technology Group, Inc., Attention: Niccolo de Masi, Chief Executive Officer, [email protected].
Participants in the Solicitation
dMY and its directors and executive officers may be deemed participants in the solicitation of proxies from dMY’s stockholders with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests in dMY is contained in the definitive proxy statement and is available free of charge at the SECs website at www.sec.gov, or by directing a request to dMY Technology Group, Inc., 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144. Additional information regarding the interests of such participants is contained in the definitive proxy statement for the proposed Business Combination.
RSI and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of dMY in connection with the Business Combination. A list of the names of such directors and executive officers and any information regarding their interests in the proposed Business Combination is included in the definitive proxy statement referred to above for the proposed Business Combination.
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Companys and RSIs actual results and plans may differ materially from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as expect, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Companys and RSIs expectations with respect to the Special Meeting including the date of the Special Meeting, the satisfaction of the closing conditions to the Business Combination, the trading of shares and warrants of the post-Business Combination company on the NYSE, and the timing of the completion of the Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those disclosed in the forward-looking statements. Most of these factors are outside the Companys and RSIs control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement, as described in and filed with the definitive proxy statement, or could otherwise cause the Business Combination to fail to close; (2) the outcome of any legal proceedings that may be instituted against the Company and/or RSI following the announcement of the Business Combination Agreement and the transactions contemplated therein; (3) the inability to complete the proposed Business Combination, including due to failure to obtain approval of the stockholders of the Company, certain regulatory approvals or satisfy other conditions to closing in the Business Combination Agreement; (4) the impact of COVID-19 on RSIs business; (5) the inability to obtain or maintain the listing of the shares and warrants of the post-business combination company on the NYSE following the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the post-Business Combination company to grow and manage growth profitably and retain its key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that RSI or the post-business combination company may be adversely affected by other economic, business, and/or competitive factors; and (11) other risks and uncertainties indicated in the definitive proxy statement relating to the Business Combination, including those under Risk Factors therein, and in the Companys other filings with the SEC. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Jonathan Gasthalter / Carissa Felger / Nathaniel Garnick
(312) 319-9233 / (212) 257-4170
For dMY Technology:
Niccolo de Masi