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Artemis Strategic Investment Corporation - ARTE STOCK NEWS

Welcome to our dedicated page for Artemis Strategic Investment Corporation news (Ticker: ARTE), a resource for investors and traders seeking the latest updates and insights on Artemis Strategic Investment Corporation stock.

Artemis Strategic Investment Corporation (NASDAQ: ARTE) is a special purpose acquisition company (SPAC) formed in 2021. It was established to merge, acquire, or reorganize with one or more businesses. Focused on the gaming, hospitality, and entertainment industries, Artemis is targeting sectors including live events, family entertainment, casino gaming, destination hospitality, sports, sports betting, iGaming, and social and casual mobile games. The company also explores business-to-business platforms that support these sectors.

Recently, Artemis made headlines with its proposed extension to complete a business combination, detailed in a Proxy Supplement filed on June 20, 2023. If approved, this extension would allow Artemis till April 4, 2024, to finalize a business combination, backed by contributions from Artemis Sponsor, LLC.

In a significant move, Artemis announced a business combination with Danam Health, Inc., a health services technology and pharmaceutical distribution company. Upon completion, the combined entity will be renamed Danam Health Holding Corporation and listed on Nasdaq under new ticker symbols. This merger highlights Artemis' commitment to diversifying into transformative technology companies.

Artemis is led by a highly experienced management team, including Holly Gagnon, Philip Kaplan, Thomas Granite, and Scott Shulak, each bringing decades of expertise in operating and advising businesses in various sectors.

The company ensures transparency with its stockholders and the public, adhering to SEC regulations and seeking approval for key business decisions. Stockholders can participate in virtual meetings and are encouraged to stay informed via the company's filings and announcements.

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Artemis Strategic Investment Corporation files registration statement for business combination with Danam Health, Inc.
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Artemis Strategic Investment Corporation (NASDAQ: ARTEU) has filed a Proxy Supplement to its proxy statement, proposing an extension to the date by which the company must consummate a business combination. If approved, Artemis Sponsor, LLC or its affiliates will deposit additional cash into the trust account established in connection with the company's IPO. The maximum aggregate amount of contributions will be $540,000 if all nine months of the extension are exercised.
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Novibet has announced significant expansion efforts in North America, highlighting a new agreement with Caesars Entertainment for a branded online gambling service in New Jersey. This follows a similar deal in Pennsylvania. Additionally, Novibet has partnered with Big Bola Casinos to access Mexico's iGaming market, aiming to launch Novibet.mx in late 2022. Analysts predict Mexico’s online gaming market could reach $1 billion by 2026. The company is also advancing its entry into Ontario, Canada, with a planned launch contingent on regulatory approvals. The proposed business combination with Artemis is expected to close in 2022.

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Novibet, an established iGaming and Online Sportsbook provider, announced new senior management appointments and the future Board of Directors composition following its merger with Artemis Strategic Investment Corporation (Nasdaq:ARTE). Key appointments include Christoforos Bozatzidis as CMO for International Markets and Thomas Granite as CFO. The new leadership aims to enhance Novibet's expansion into regulated markets across Europe, North America, and Latin America. The business combination is expected to close in H2 2022, pending shareholder approval.

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Artemis Strategic Investment Corporation (Nasdaq: ARTE) and Novibet announce a definitive agreement for a business combination valued at approximately $625 million. Novibet, a profitable GameTech operator, anticipates net gaming revenue of $156 million and EBITDA of $20 million in 2022. The combined company will hold approximately $135 million in unrestricted cash at closing, enabling a multi-pronged growth strategy targeting North American and European markets. The merger is projected to close in the second half of 2022.

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Artemis Strategic Investment Corporation announced that beginning on or about November 22, 2021, holders of its units can separately trade the shares of Class A common stock under the symbol ARTE and warrants under ARTEW. Units not separated will continue trading under the symbol ARTEU. Holders must contact the Company's transfer agent to initiate the separation. The company is a blank check entity looking to merge or acquire businesses primarily in the gaming, hospitality, and entertainment sectors, with a focus on technology companies in these industries.

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FAQ

What is the market cap of Artemis Strategic Investment Corporation (ARTE)?

The market cap of Artemis Strategic Investment Corporation (ARTE) is approximately 76.7M.

What is Artemis Strategic Investment Corporation?

Artemis Strategic Investment Corporation (NASDAQ: ARTE) is a SPAC focused on merging with businesses in gaming, hospitality, and entertainment sectors.

What recent updates has Artemis announced?

Artemis recently filed for an extension to finalize a business combination and announced a merger with Danam Health, Inc.

What industries does Artemis target for business combinations?

Artemis targets the gaming, hospitality, and entertainment industries, including sectors like live events, casino gaming, sports betting, and iGaming.

Who leads Artemis Strategic Investment Corporation?

The company is led by Holly Gagnon, Philip Kaplan, Thomas Granite, and Scott Shulak, who have extensive experience in various industries.

What is the significance of the merger with Danam Health, Inc.?

The merger will create Danam Health Holding Corporation, combining expertise in health services technology and pharmaceutical distribution with Artemis' strategic investment capabilities.

How can stockholders participate in company decisions?

Stockholders can participate in virtual meetings and are encouraged to vote on key proposals. They can contact the company's proxy solicitor for assistance.

What is the Proxy Supplement filed on June 20, 2023?

The Proxy Supplement outlines the proposal to extend the date by which Artemis must complete a business combination, supported by contributions from Artemis Sponsor, LLC.

Where can I find more information about Artemis' filings?

Information about Artemis' filings can be found on the SEC's website or by contacting the company's proxy solicitor, Alliance Advisors.

What are the ticker symbols for Artemis' securities?

Artemis' Class A common stock, units, and warrants trade on Nasdaq under the symbols ARTE, ARTEU, and ARTEW, respectively.

How does Artemis ensure the security of its trust account funds?

Artemis confirms that the funds in the trust account will not be used to pay for any excise tax payable pursuant to the Inflation Reduction Act of 2022.

Artemis Strategic Investment Corporation

Nasdaq:ARTE

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