Deal Snapshot
BLACK RIDGE ACQUISITION CLOSES ACQUISITION
Tuesday 13 August 2019

Minnesota, US-based special purpose acquisition company Black Ridge Acquisition Corp. (NASDAQ: BRAC) has closed its business combination with Allied Esports International, Inc. and WPT Enterprises, Inc., pursuant to which both Allied Esports and WPT become wholly-owned subsidiaries of BRAC, the company said.
The transaction was approved at a special meeting of Black Ridge's shareholders on August 9, 2019. As part of the transaction, Black Ridge changed its name to Allied Esports Entertainment, Inc.; the name change took effect following the closing.


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Details
Date Published: 13/08/2019
Target: Allied Esports International, Inc. and WPT Enterprises, Inc
Country: USA
Deal Size: 213.8m (USD)
Sector: Leisure/Arts
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: Black Ridge Acquisition
Buyer Advisor: Macquarie Capital , EarlyBird Capital , Graubard Miller
Comment:


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