Finance

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 | Jason Ader | M&A | Online Gaming | rafi ashkenazi | SPAC | Sports betting

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