DraftKings 8-K: Equity Sales & Reg FD Disclosure

TL;DR

DKNG filed an 8-K for equity sales & Reg FD. Check for details.

AI Summary

DraftKings Inc. filed an 8-K on May 23, 2024, reporting on unregistered sales of equity securities and a Regulation FD disclosure. The filing also includes financial statements and exhibits, with the earliest event reported on May 22, 2024. The company, formerly known as New Duke Holdco, Inc., is incorporated in Nevada and headquartered in Boston, MA.

Why It Matters

This filing provides insight into DraftKings' equity transactions and regulatory disclosures, which can impact investor understanding of the company's financial activities and compliance.

Risk Assessment

Risk Level: low — This is a routine filing detailing equity sales and disclosures, not indicating immediate operational or financial distress.

Key Players & Entities

• DraftKings Inc. (company) — Registrant
• New Duke Holdco, Inc. (company) — Former company name
• May 23, 2024 (date) — Filing date
• May 22, 2024 (date) — Earliest event reported date
• 222 Berkeley Street (location) — Principal executive offices address
• Boston, MA (location) — Principal executive offices city and state

FAQ

From the Filing

0001104659-24-064516.txt : 20240523 0001104659-24-064516.hdr.sgml : 20240523 20240523070905 ACCESSION NUMBER: 0001104659-24-064516 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240522 ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240523 DATE AS OF CHANGE: 20240523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DraftKings Inc. CENTRAL INDEX KEY: 0001883685 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41379 FILM NUMBER: 24975185 BUSINESS ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: (617) 986-6744 MAIL ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: New Duke Holdco, Inc. DATE OF NAME CHANGE: 20210917 8-K 1 tm2414500d2_8k.htm FORM 8-K false 0001883685 0001883685 2024-05-22 2024-05-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   Date of Report (Date of earliest event reported): May 23, 2024 ( May 22, 2024 )     DRAFTKINGS INC. (Exact name of registrant as specified in its charter)     Nevada 001-41379 87-2764212 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)   222 Berkeley Street , 5th Floor Boston , MA 02116 (Address of principal executive offices, including zip code)   Registrant’s telephone number, including area code: ( 617 ) 986-6744   Not Applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A common stock, par value $0.0001 per share   DKNG   The Nasdaq Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             Item 3.02 Unregistered Sale of Equity Securities.   On May 22, 2024, DraftKings Inc., a Nevada corporation (the “ Company ” or “ DraftKings ”), issued 7,507,817 shares of its Class A common stock, par value $0.0001 per share (such issuance, the “ Stock Consideration ”), in connection with the consummation of the transactions contemplated by the agreement and plan of merger and plan of reorganization, dated as of February 11, 2024, by and among DraftKings