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DraftKings’ Sloan Files Spinoff SPAC as Nasdaq Seeks Rule Change

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Great Momentum Building for Sports Betting Says DraftKings CEO

The team behind the blank-check company that took DraftKings Inc. public is planning a SPAC that would break new ground by being able to pursue multiple transactions.

Spinning Eagle Acquisition Inc. filed with the U.S. Securities and Exchange Commission to raise $2 billion on Thursday. The paperwork, a resubmission of its filing from late last year, was submitted in conjunction with a rule change sought by Nasdaq Inc. to allow such vehicles, documents reviewed by Bloomberg show.