Super Group Files Registration Statement Pursuant to Contractual Obligation to R… – Press Release

Super Group (SGHC) Limited SGHC (“SGHC” or “Super Group” or the “Company“), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that the Company has filed a registration statement on Form F-1 (the “Registration Statement“) with the Securities and Exchange Commission (“SEC“) for the purpose of registering the potential resale, from time to time, of ordinary shares held by, and ordinary shares issuable upon the exercise of private placement warrants held by certain securityholders of the Company (collectively, the “Securities“).

The shares and private placement warrants, and shares issuable on exercise thereof, were issued in connection with the Company’s business combination with Sports Entertainment Acquisition Corp., which was closed on January 27, 2022 (the “Business Combination“). Under the terms of a registration rights agreement with the selling securityholders entered into in connection with the Business Combination, the Registration Statement was required to be filed within the 60 days following the closing date of the Business Combination. Notwithstanding the filing of the Registration Statement, certain holders remain restricted from selling any Securities until the expiration of any lock-up agreements entered into with the Company in connection with the Business Combination.

Super Group is not itself selling any additional securities, and the filing of the Registration Statement does not represent a follow-on offering.

The Registration Statement relating to these Securities has been filed with the SEC, but has not yet been declared effective. These Securities may not be sold, nor may offers to buy be accepted, until the Registration Statement becomes effective. Copies of the prospectus, when available, may be obtained from the SEC’s website at www.sec.gov.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of…

The post Super Group Files Registration Statement Pursuant to Contractual Obligation to R… – Press Release appeared first on CaymanMama.com.

from CaymanMama.com https://ift.tt/R1rdGzS