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ERESU - DraftKings CEO calls for calm amid SPAC market hype
East Resources Acquisition Company Unit
While DraftKings' (NASDAQ:DKNG) decision to reverse-merge into a SPAC led to the company's valuation ballooning from about $3B in April to more than $13B on Friday, investors and companies should be wary about the surge of available SPACs, according to CEO Jason Robins.
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