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On December 15, 2022, stockholders of Gaming & Hospitality Acquisition Corp. (Nasdaq: GHAC, GHACU) approved a Charter Amendment to enable early redemption of Class A common stock due to the inability to finalize a Business Combination by the original termination date of February 5, 2023. Following this amendment, the Company is required to redeem all outstanding Public Shares promptly, with redemption expected around December 20, 2022, at approximately $10.10 per share. Additionally, the Company plans to delist its shares from Nasdaq, effectively liquidating and dissolving thereafter.
On July 6, 2021, Z Capital Partners announced the completion of a merger between Affinity Gaming and Sports Information Group, forming Affinity Interactive. This new entity will leverage its strong regional presence in casino gaming and online betting to engage over one million customers across the U.S. With expanded services including social gaming and sports betting, Affinity Interactive aims to capitalize on the growing online gaming market. Leaders of both companies will continue in their roles, reinforcing their commitment to growth in this competitive industry.
Z Capital Partners announced the merger of Affinity Gaming and Sports Information Group, creating Affinity Interactive. This strategic move will enhance their combined offerings in casino gaming and sports betting, particularly leveraging SIG's technology and data capabilities. The deal, which is expected to close soon, aims to establish a leading digital gaming platform, reaching nearly one million customers across the U.S. The merger positions Affinity Interactive for significant growth in the expanding online gaming market, especially in sports betting and iGaming.
Gaming & Hospitality Acquisition Corp. announced that starting March 26, 2021, holders of IPO units can separately trade shares of Class A common stock and warrants. The Class A shares will trade under the symbol GHAC, and warrants will trade as GHACW on Nasdaq. Units that remain unseparated will continue trading under GHACU. No fractional warrants will be issued. A registration statement became effective on February 2, 2021. The press release emphasizes that it does not constitute a solicitation to buy or sell securities.
Z Capital Group has announced the launch of Gaming & Hospitality Acquisition Corp. (NASDAQ: GHACU), a special purpose acquisition company aimed at merging with businesses in the gaming and hospitality sectors. The firm, sponsored by Affinity Gaming, will focus on acquiring targets primarily in sports betting, regional gaming, and gaming technology. Led by seasoned executives like James Zenni and Mary Elizabeth Higgins, GHAC is strategically positioned to capitalize on market fragmentation, potentially benefiting shareholders with favorable acquisition opportunities.
