Skip to content
Markets
Deals

DraftKings’ Sloan Files Spinoff SPAC as Nasdaq Seeks Rule Change

Video player cover image
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.