After SPAC merger

Super Group debuts on New York Stock Exchange

2022-01-28
United States
Reading time 1:38 min

Super Group Limited (SGHC), the parent company of global online sports betting and gaming Betway, and multi-brand online casino Spin, announced Friday that it has been approved for listing on the New York Stock Exchange (NYSE) under the symbol “SGHC.” The company begins trading at 9:30 am ET on Friday, January 28.

Neal Menashe, Chief Executive Officer of Super Group, commented: “Today marks the culmination of years of hard work as we list on the New York Stock Exchange. We are thrilled to join one of the most exciting capital markets in the world and list amongst many notable and leading technology and gaming companies. Super Group is committed to continue to scale with its proprietary data science and technology and build brand recognition as we rapidly grow in the global gaming universe. As we move forward as a public company, we will remain focused on our overarching commitment to deliver quality gaming and technology services to our customers, as well as building and sustaining long-term shareholder value.”

On Thursday, the company announced the closing of their business combination with Sports Entertainment Acquisition Corporation (SEAH), a publicly-traded special purpose acquisition company (SPAC).

The merger was approved by a majority of SEAH stockholders at a special meeting held on January 26, 2022. SEAH has merged with and into Super Group, with Super Group as the surviving corporation. Beginning on Friday, Super Group’s ordinary shares and public warrants are now trading on the NYSE under the ticker symbol “SGHC” and “SGHC WS”, respectively.

“Now as a public company, we plan to continue to strengthen our brand among the worldwide online betting and gaming community by growing our customer base, expanding into new markets and developing strategic partnerships with major sports franchises," Menashe stated Thursday.

Eric Grubman, Chairman & CFO of Sports Entertainment Acquisition Corporation, commented: “We were attracted to Super Group for its proven business model, strong leadership and exceptional products and technology. We are pleased to complete our business combination with Super Group and look forward to continuing our collaboration with Neal and rest of the management team, helping Super Group strengthen and grow its position in the global online betting and gaming industry.”

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