Fantasy Sports and Sports Betting Deals

Summary of Consideration:
Total amount LBO; $5.825B in cash and an earn-out of up to $225M based on the achievement of certain EBITDA targets in 2022 and 2023.

Summary of Consideration:
The Score shareholders received $17.00 per share in cash and 0.2398 shares of Penn National common stock for each the Score share, which implies a total purchase consideration of $34.00 per the Score share based on Penn National’s 5-day volume weighted average trading price as of July 30, 2021. Current Penn National and the Score shareholders hold approximately 93% and 7% respectively, of the Company’s outstanding shares.

Summary of Consideration:
All stock.

Summary of Consideration:
All cash and debt free basis.

Summary of Consideration:
$62.5M in cash and $62.5M in Bally’s common stock, which Bet.Works shareholders agreed to hold for at least one year.

Summary of Consideration:
MKF received immediately exercisable penny warrants to purchase up to approximately $50M in Bally’s common shares (subject to adjustment) at closing, and contingent penny warrants to purchase up to approximately $20M in additional Bally’s common shares on each of the first and second anniversaries of closing, for a possible total of up to approximately $40M.

Summary of Consideration:
Cash and stock.

Summary of Consideration:
$25M upfront in Vivid Seats Equity, $40M based on earnings and payable in a combination of cash and stock.

Summary of Consideration:
$17.85M in cash and $3.15M in shares for a 60% stake. On November 4, 2021, Better Collective completed the acquisition of the remaining 40% share stake in RotoGrinders at a total price of $35.4M. The acquisition of the remaining 40% of the shares was paid through a $23.6M cash consideration.

Summary of Consideration:
$12M paid 50% in cash and 50% in shares of the Company and potential additional payout of up to $41.8M through December 31, 2025.

Summary of Consideration:
$19M upfront, with a potential additional payout of $29M paid over a stipulated period of time per the terms of the deal.

Additional Investors:
Rainfall, Telstra Ventures, Leonis Capital, Rabil Ventures and Klay Thompson also participated in the round.

Summary of Consideration:
Payable in cash in three instalments during a two-year period. An additional contingent cash payment of $500K is payable if certain requirements are fulfilled within three years of the transaction date.

Additional Investors:
Peter Guber, Todd Boehly, Eldridge and other undisclosed investors also participated in the round.

Summary of Consideration:
The purchase price was determined to be $10.3M, including $1.7M of Vigtory’s outstanding convertible notes and other liabilities settled by the Company on the closing date. This consideration does not include the $26.9M fair value of common shares issued to former employee shareholders of Vigtory that will vest over future service periods.

Additional Investors:
Jump Capital, Impression Ventures, Hudson River Trading, Tower Research Ventures, Jim Murren, former CEO of MGM Resorts International and Tom Wittman, former CEO of the Nasdaq Stock Exchange also participated in the round.

Additional Investors:
Mark Cuban, Kevin Durant, Jared Goff, Adam Schefter, rappers Future, Gunna, Nas, Kygo, The Chainsmokers and Steve Aoki, Dapper Labs CEO Roham Gharegozlou, Harris Blitzer Sports & Entertainment, gaming research firm Eilers & Krejcik, Bleacher Report’s Adam Lefkoe, the Action Network, FantasyLabs, RotoGrinders, and SimpleBet.

Summary of Consideration:
All cash.

Summary of Consideration:
The Company will receive $10M in cash and $20M in common shares of Bragg, of which $5M worth of shares will be issued on closing, with the remainder over the next three years.

Additional Investors:
Aristocrat Technologies, the San Francisco Giants, MGM Resorts Chairman Jim Murren, former Starbucks chief Howard Schultz, New Jersey Devilsminority co-owner David Blitzer, and tennis legend Andre Agassi also participated in the round.

Summary of Consideration:
$20.5M upfront; $7.5M deferred over a two-year period following close.

Summary of Consideration:

An initial $11.0M upfront, together with up to $500K as reimbursement of SBD’s operating expenses per month from December 31, 2020, to the completion of the acquisition. A further $10.0M will be payable on the first anniversary of the deal, and then the final $3.7M after 18 months.

Summary of Consideration:
An initial $12M will be paid in cash and issue 8M new shares – at an aggregate value of $3.5M with a potential future contingent consideration of up to $9.5M, based on net revenue performance of the acquired business, payable over three years to the end of 2023.

Additional Investors:
Steve Duncker and other undisclosed investors also participated in this round.

Additional Investors:
New England Patriots owner Robert Kraft, Former MGM CEO Jim Murren, Eilers & Krejcik partner Chris Grove, ESPN analyst Adam Schefter, Golden Nugget Online Gaming and Rush Street Interactive also participated in the round.

Additional Investors:
Sequoia, Bullpen, and Nigel Eccles, founder and former CEO of sports-betting giant FanDuel also participated in the round.

Additional Investors:
Ryan Moore and Accomplice VC also participated in the round.

Additional Investors:
Existing investors also participated in this round.

Additional Investors:
Victress Capital, John Isner, Marc Lasry, Julie Ertz, Zach Ertz, and The 21 Fund also participated in the round.

Summary of Consideration:
Cash and stock.

Additional Investors:
Velo Partners, Parlay Capital Holdings, Thirtyfive Ventures, MLB players Evan Longoria, Adam Wainwright and David Price, NBA All-Stars Richard Jefferson and Chris Paul, NASCAR driver Kyle Busch, Grammy winner Darius Rucker, entrepreneur and Atlanta Hawks owner Jesse Itzler and Eric Norlin of SK Ventures also participated in the round.

Additional Investors:
Fin Capital Angels and Permian Bank Capital also participated in this round.

Additional Investors:
NA

Additional Investors:
DeepWork Capital and other undisclosed investors also participated in this round.

Additional Investors:
KB Partners also participated in the round.

Additional Investors:
Other undisclosed investors also participated in the round.

Additional Investors:
SuRo Capital, Drive by DraftKings and other undisclosed investors also participated in the round.

Additional Investors:
New York Angels members, Yolo Investments, Reflect Ventures and Stage 1 Ventures also participated in the round.

Additional Investors:
ESPT Ventures, Sharp Alpha Advisors, Lloyd Danzig, Benjie Cherniak and other undisclosed investors also participated in the round.

Summary of Consideration:
NA

Additional Investors:
Eilers & Krejcik Gaming, Sharp Alpha Advisors and Old Line Capital also participated in the round.

Additional Investors:
Drew Brees participated in the round.

Additional Investors:
MaC Venture Capital also participated in the round.

Additional Investors:
Funded via SeedInvest.

Additional Investors:
Andre Reed and Marshawn Lynch participated in the round.

Additional Investors:
Undisclosed investors also participated in the round.

Additional Investors:
Benjie Cherniak also participated in the round.

Additional Investors:
NA

Additional Investors:
NA

Additional Investors:
NA

Additional Investors:

Other notable investors in the round include Matt Ryan, John Collins, Next Play Capital Partner Hunter Hillenmeyer, Bet.Works Founder Quinton Singleton, SportsGrid COO Adam Kaplan, Former NFL Executive Vishal Shah, and ThePostGame led by Eric Herd, co-founder and CEO, and David Katz, co-founder, chairman, and former head of FOX Sports Digital and Yahoo! Sports.