PIVOTAL INVESTMENT CORPORATION II
INCed in Delaware
March 20, 2019
18Mo Full Term
About 6 months left before deadline
PIC/U $10.75 1 common 1/3 warrant
“ industries ripe for disruption, from continuously evolving digital technology and the resulting shift in distribution patterns and consumer purchase behavior. “
“logistics technology and “last mile” delivery services, business technology services, on-line cyber security and off-line physical security services, media and entertainment services and franchise businesses. “
Last mile delivery servies:
None I know of but any out there like grub hub that aren’t public yet?
DJI (China-based) is still private
Jon ( the Chairman ) who is friends with Ted Leonsis and MJ (both investors in SportsRadar). Jon & Ted use to jointly own the Washington Capitals NHL team. Jon now owns the NY Islanders. He’s heavily involved in sports in general.
SportsRadar worth 2.4B is a multinational corporation with headquarters in St. Gallen, Switzerland, that collects and analyzes sports data. Sportradar provides services to bookmakers, national and international sports federations, and media companies. As of January 2016, the company has 35 offices in 24 countries around the world. Sportradar’s products includes live results and statistics and white-label sports content solutions.[buzzword] Through the brand Betradar, Sportradar operates a suite of tools for bookmakers, including in-game and pre-match odds suggestions, resulting, market monitoring and trading services.
Through the US subsidiary, Sportradar US, Sportradar is the official data provider of the US sports federations NFL, NHL and NASCAR. At the end of 2015 Sportradar renewed the partnership with the International Tennis Federation as their official data collection service partner. In 2016, Sportradar entered into a partnership with the NBA, the third partnership with The Big Four.
This is a SUPPLIMENT to Draft Kings
Ted Leonisis Entrepreneur, Philanthropist, Venture Capitalist | Sports Team, Venue, Media Network Partner | WNBA Champion | Stanley Cup Champion | ArenaBowl Champion just tweeted this yesterday. An article where his son Zach Leonsis is heavily interviewed.
In this interview Zach Leonsis heavily praises Draft Kings but also even more heavily praises SportsRadar(edited)
Now if the Leonsis family is sooooo bullish on sports betting and SportsRadar in particular, wouldn’t it make sense to call up their former business partner Jon Ledecky and be like: “Hey Jon, let’s use all of your SPAC money and take this bad boy public.”
Of course the deal might just be FEAC, not suggesting it isn’t. Just saying that there is this 20-30% chance that this deal is actually going to PIC.
Original S-1 lists Evan B. Morgan as a director
Who sits on the board of SportsRadar
But on a more recent filing, Evan was replaced by an asterix on the management roster
That has to be because Evan got conflicted out.
1) Ted Leonsis, Zach Leonsis are bullish on and investors in SportsRadar. 2) Ted is personal friends and has had a business relationship with Jon Ledecky. 3) Evan is Ted’s partner at Revolution Growth and was a director of Pivotal Investment Corp II when PIC ipo’ed. 4) About 6 months after the IPO, maybe they started to look at SportsRadar and then Evan had to step down due to a POSIBLE conflict. He was replaced and a new director was appointed in July 2019.