DraftKings Inc., a digital sports entertainment and gaming company, has filed a Form S-3ASR with the Securities and Exchange Commission (SEC) on June 7, 2024. The filing indicates a registration statement under the Securities Act of 1933 for Nevada-based DraftKings Inc. The registration includes the potential sale of various securities to the public from time to time after the effective date of the Registration Statement. The securities may include Class A common stock, preferred stock, debt securities, warrants, purchase contracts, and units. The document outlines the company's intention to offer these securities directly, through agents, or via underwriters and dealers. The registration statement also includes details about the company's principal executive offices, the Chief Legal Officer, and the legal and...Show More

DraftKings Inc., a digital sports entertainment and gaming company, has filed a Form S-3ASR with the Securities and Exchange Commission (SEC) on June 7, 2024. The filing indicates a registration statement under the Securities Act of 1933 for Nevada-based DraftKings Inc. The registration includes the potential sale of various securities to the public from time to time after the effective date of the Registration Statement. The securities may include Class A common stock, preferred stock, debt securities, warrants, purchase contracts, and units. The document outlines the company's intention to offer these securities directly, through agents, or via underwriters and dealers. The registration statement also includes details about the company's principal executive offices, the Chief Legal Officer, and the legal and financial advisors involved. The approximate date of commencement of the proposed sale is not specified, but it will occur after the effective date of the Registration Statement. The form indicates that DraftKings may offer and sell the securities described in the prospectus, and any selling stockholders may offer and sell shares of Class A common stock, in one or more offerings. The proceeds from sales by selling stockholders will not go to the company. The prospectus supplement will provide specific information about the offering, the selling stockholders, and the terms of the securities. DraftKings' Class A common stock is traded on the NASDAQ Global Select Market under the ticker symbol 'DKNG.' The last reported sale price of the Class A common stock on NASDAQ was $37.56 as of June 6, 2024. The prospectus includes risk factors, information about DraftKings, use of proceeds, and a description of the capital stock, among other details.