Gambling.com Group to Acquire Odds Holdings, Inc.
Ticker: GAMB · Form: 6-K · Filed: Dec 12, 2024 · CIK: 1839799
Sentiment: neutral
Topics: acquisition, merger, gambling
TL;DR
Gambling.com Group is buying Odds Holdings, Inc. via merger agreement.
AI Summary
On December 12, 2024, Gambling.com Group Limited announced its entry into an Agreement and Plan of Merger to acquire Odds Holdings, Inc. The filing details the merger agreement between the Company, Odyssey Merger Corp., and Odds Holdings, Inc., outlining the terms of this acquisition.
Why It Matters
This acquisition signifies a strategic move by Gambling.com Group to expand its market presence and potentially integrate new assets or customer bases from Odds Holdings, Inc.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, valuation, and regulatory approval, which could impact the company's financial performance and strategic goals.
Key Players & Entities
- Gambling.com Group Limited (company) — Acquiring company
- Odds Holdings, Inc. (company) — Target company
- Odyssey Merger Corp. (company) — Subsidiary involved in the merger
- December 12, 2024 (date) — Date of the merger agreement
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K filing reports on the Agreement and Plan of Merger entered into by Gambling.com Group Limited for the acquisition of Odds Holdings, Inc.
When was the Merger Agreement entered into?
The Merger Agreement was entered into on December 12, 2024.
Which entities are involved in the merger agreement?
The entities involved are Gambling.com Group Limited, Odyssey Merger Corp., and Odds Holdings, Inc.
Under which jurisdiction is Gambling.com Group Limited organized?
Gambling.com Group Limited is organized under the laws of the Channel Island of Jersey.
What is the filing number for this report?
The SEC file number for this report is 001-40634.
Filing Stats: 1,417 words · 6 min read · ~5 pages · Grade level 13.8 · Accepted 2024-12-12 07:13:44
Key Financial Figures
- $80.0 m — n aggregate purchase price equal to (i) $80.0 million, payable at Closing (as defined b
- $70.0 million — justments, through a combination of (a) $70.0 million in cash, and (b) $10.0 million in the C
- $10.0 million — n of (a) $70.0 million in cash, and (b) $10.0 million in the Company's ordinary shares ("Ordi
- $80.0 million — "), plus (ii) earnout payments of up to $80.0 million (the "Earnout Consideration"). The amou
- $100 million — d revolving credit facility of at least $100 million (the "Expanded Credit Facility") pursua
Filing Documents
- form6-kxacquisitionofoddsh.htm (6-K) — 30KB
- exhibit991-pressreleasexde.htm (EX-99.1) — 29KB
- 0001839799-24-000084.txt ( ) — 60KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. Gambling.com Group Limited (Registrant) By s Elias Mark Name Elias Mark Title Chief Financial Officer Date December 12, 2024