Thesis
Diamondback Holdings (DEAC) is a holding SPAC company that is merging with DraftKings this month, effectively taking DraftKings public. Diamondback is currently undervalued based on market growth and fundamentals of DraftKings. Given that Diamondback is pushing forward with the merger this month, I believe there are sufficient catalysts in the short term (merger) and long-term (market growth) to warrant a position today
Source: Wikipedia
Reverse Merger
Diamondback Holdings announced DraftKings as a target in 2019 with the goal of executing the investment in 2020. DraftKings will purchase SBTech, and the combined entity