The transaction will result in gross proceeds of approximately $116 million to Codere Online, or approximately $103 million net of transaction fees and expenses, which are expected to be used primarily to fund marketing expenditures in furtherance of Codere Online’s growth plans across Latin America, along with selected investments in technology and other enhancements to Codere Online’s gaming platform. Codere Online will be the first online gaming operator in Latin America to become publicly listed in the United States. (“Holdco”) will begin trading on the Nasdaq Capital Market on December 1, 2021, under the symbols “CDRO” and “CDROW,” respectively. ![]() It is expected that the ordinary shares and warrants of Codere Online Luxembourg, S.A. II ("DD3"), following the approval of the business combination by DD3’s stockholders on November 18, 2021, and the satisfaction of the closing conditions. ![]() ![]() 30, 2021 (GLOBE NEWSWIRE) - Codere Online 1, a leading online gaming and sports betting operator in Latin America, today announced the completion of its previously announced business combination with DD3 Acquisition Corp.
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