The United States Securities and Exchange Commission (SEC) has approved the planned amalgamation of Allwyn Entertainment and Cohn Robbins Holdings Corp. (CRHC). This action clears the path for the lottery conglomerate to debut on the New York Stock Exchange.
Stakeholders are advised to carefully examine the registration documents and all pertinent materials before reaching any conclusions regarding the consolidation.
A special assembly for CRHC stockholders to cast their votes on the proposition is set for September 7, 2022. Naturally, the transaction’s success depends on their consent and the fulfillment of other standard closing prerequisites.
Presuming a seamless process, the newly formed entity will be listed on the New York Stock Exchange under the ticker symbols “ALWN” for its Class B common stock and “ALWN.WS” for its warrants.
The CRHC board is strongly recommending that all shareholders endorse the proposals at the forthcoming gathering.
In a public announcement, CRHC emphasized the allure of the worldwide lottery sector, mentioning its widespread popularity, stability across various economic conditions, and expansion opportunities fueled by rising online engagement.
A significant entity in the worldwide lottery sector, Allwyn manages lotteries across numerous European nations, such as Austria, the Czech Republic, Greece, Cyprus, and Italy, through both physical and digital channels.
Lately, the UK Gambling Commission revealed that Allwyn was selected to assume control of the UK National Lottery permit from Camelot, the operator for nearly three decades.
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