The leading global provider of sports data intelligence, Sportradar, is considering going public with SPAC.
The Swiss gambling data company is looking for a partner which would allow it to become publicly traded.
As per Gambling.com, a special purpose acquisition company (SPAC), also known as a blank check company, has no goods or services of its own but is armed with cash and is listed as a publicly traded company. SPACs seek out private companies with the goal of taking them public as a result of the business combination.
Sportradar is discussing its merger prospects with SPAC Horizon Acquisition Corp. II. It is headed by Los Angeles Dodgers co-owner Todd Boehly and is listed on NYSE.