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DKNG - CF Finance Acquisition Corp. Warrant: Potentially Significant Upside By June 17 2020
DraftKings Inc.
Investment Thesis
CF Finance Acquisition Corp. (CFFA) is a special purpose acquisition company (SPAC). It went public in December 2018 and was required by the SPAC structure to complete a business combination in 18 months. For CFFA, this deadline is June 17, 2020. So it is safe to assume that CFFA will make a deal announcement at any moment now.
Owning CF Finance Acquisition Corp. warrants (CFFAW) is the best way to monetize this unique catalyst over the next three weeks. The rule of thumb is that the warrant price of