DPCM Capital Inc - Ordinary Shares - Class A

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Exchange Changes, Other Pre-Announcement, Mergers / Acquisitions

Leading Mobile Entertainment Company Jam City To Become Publicly Traded Company Through Merger With Dpcm Capital, Inc.

Published: 05/20/2021 11:25 GMT
DPCM Capital Inc - Ordinary Shares - Class A (XPOA) - Leading Mobile Entertainment Company Jam City to Become Publicly Traded Company Through Merger With Dpcm Capital, Inc.jam City - Transaction Values Combined Company at an Enterprise Value of $1.2 Billion.
Jam City - Combined Company Expects to Generate $868 Million in Bookings and $112 Million in Adjusted EBITDA in 2022.
Jam City - Chris Dewolfe, Chairman & Ceo, and Josh Yguado, President & Coo, Will Continue to Lead Company.
Jam City - Deal Includes Addition of Multiple Well-regarded New Board Members Including Former Bet, Viacom, and Microsoft Executive Denmark West.
Jam City - Existing Jam City Stockholders Are Expected to Own Approximately 65% of Outstanding Shares of Class A Common Stock of Combined Co at Close.
Jam City - Netmarble Corporation, Jam City's Valued Strategic Investor, Will Own a Significant Portion of Combined Company.
Jam City - Expected That Combined Company Will Have Approximately $115 Million of Cash on Its Balance Sheet.