The United States Securities and Exchange Commission (SEC) has approved Allwyn Entertainment’s registration document, clearing the path for a possible amalgamation with Cohn Robbins Holdings Corp. (CRHC). This document, submitted on Form F-4, details the proposed business combination.
In essence, this allows investors to soon decide whether these two entities should unite. Before making their decision, CRHC stakeholders are strongly advised to thoroughly examine all pertinent filings with the SEC. This encompasses the registration document itself, along with any additional materials concerning the merger contract.
To officially endorse the amalgamation, CRHC has set a special stockholder assembly for September 7, 2022. Naturally, the agreement depends on obtaining consent not only from these stockholders but also on satisfying or dismissing certain standard closing prerequisites.
If all goes smoothly, the unified company intends to list on the esteemed New York Stock Exchange. Investors can anticipate trading its Class B common shares and warrants under the symbols “ALWN” and “ALWN.WS” accordingly.
The CRHC board of directors fully endorses the merger, encouraging all stockholders to vote “yes” on all propositions at the forthcoming assembly.
Underscoring the potential of this union, the group issued a statement emphasizing the global lottery sector’s appealing attributes. They particularly noted its wide-ranging popularity across demographics, its stability even during economic contractions, and the expansion prospects offered by rising online engagement.
A lottery behemoth with a global footprint and a market valuation of $300 billion, Allwyn, is generating significant buzz in the United Kingdom. The company has recently been selected to assume control of the UK National Lottery from Camelot, the organization that has managed it for nearly thirty years. Allwyn is a familiar name in the lottery industry, boasting a substantial presence in numerous European nations, such as Austria, the Czech Republic, Greece, Cyprus, and Italy, where it provides both physical and digital gaming options.