Jason Ader targets gambling M&A with $240m SPAC launch

IPO takes 26 Capital Acquisition Corporation live as top gaming execs are confirmed as nominated directors

SpringOwl Asset Management CEO Jason Ader has launched a new $240m (£176.3m) SPAC to target “high quality” businesses in the gambling and tech sectors. The SPAC, known as 26 Capital Acquisition Corporation, began IPO proceedings with 24 million new shares priced at $10 (£7) each late on Thursday evening and has already begun trading on…

Finance | Industry | Jason Ader | M&A | Online gambling | Rafi Ashkenazi | SPAC | Sports betting | SpringOwl Asset Management