DraftKings Inc. Files 8-K on Operations and Financials

TL;DR

DKNG dropped an 8-K on Aug 1st covering financials and operations.

AI Summary

On August 1, 2024, DraftKings Inc. filed an 8-K report detailing the results of operations and financial condition, along with other events and financial statements. The filing pertains to their operations as a miscellaneous amusement and recreation services company incorporated in Nevada.

Why It Matters

This filing provides investors with crucial updates on DraftKings' financial performance and operational status, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a standard 8-K filing reporting on operations and financial condition, not indicating any immediate new risks.

Key Numbers

• 001-41379 — SEC File Number (Identifies the company's filing with the SEC.)
• 87-2764212 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• DraftKings Inc. (company) — Registrant
• New Duke Holdco, Inc. (company) — Former company name
• 001-41379 (company) — SEC File Number
• 87-2764212 (company) — IRS Employer Identification No.
• 222 Berkeley Street (location) — Principal executive offices address
• Boston, MA (location) — Principal executive offices city and state
• August 1, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001883685-24-000025.txt : 20240801 0001883685-24-000025.hdr.sgml : 20240801 20240801161829 ACCESSION NUMBER: 0001883685-24-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240801 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240801 DATE AS OF CHANGE: 20240801 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: 241166990 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 dkng-20240801.htm 8-K dkng-20240801 0001883685 FALSE 0001883685 2024-08-01 2024-08-01 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): August 1, 2024 DRAFTKINGS INC. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation) 001-41379 (Commission File Number) 87-2764212 (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 2.02 Results of Operations and Financial Condition. On August 1, 2024 , DraftKings Inc. (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended June 30, 2024. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference in this Item 2.02. The information and exhibit contained in this Item 2.02 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, a