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Sports Entertainment Acquisition Corp. ("SEAH") (NYSE:SEAH), a special purpose acquisition company, today announced that SEAH's shareholders voted to approve its proposed business combination (the "Business Combination") with SGHC Limited ("Super Group"). A Form 8-K disclosing the full voting results is expected to be filed with the Security and Exchange Commission.
Super Group has waived the minimum cash condition to be satisfied at the closing of the Business Combination, and SEAH expects all closing conditions to be met. The transaction is expected to generate approximately $202.4 million from SEAH trust proceeds, reflecting approximately 45% of the publicly held shares that were not submitted for redemption.
The closing of the Business Combination is expected to occur Thursday, January 27, 2022. Following closing, the combined company will be known as "Super Group (SGHC) Limited," and on Friday, January 28, 2022, its ordinary shares and public warrants are expected to trade on the New York Stock Exchange under the symbols "SGHC" and "SGHC WS," respectively.
Posted In: SEAH
