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  "docSlug": "08d6aefbccb5",
  "documentTitle": "Genius Sports Limited (GENI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-08-05 00:00:00",
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  "pageNumber": 60,
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  "notes": "Uses a Bloomberg terminal screenshot to show insider selling and a quote box to show management's previous public statements.",
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  "slideHref": "/slides/019dd923-622c-750b-8b99-1b3c88355559/60",
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  "components": [
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      "kind": "callout",
      "text": "When Genius' lock up expires in August 2021, what will its SPAC sponsor do?",
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      "kind": "paragraph",
      "text": "DMYD, the SPAC vehicle used to take Genius public, is the second SPAC raised by Niccolo De Masi and Harry You. Their first SPAC merged with Rush Street Interactive (RSI), and four months later, the executives have begun to aggressively sell RSI shares. In May 2021, De Masi and You continued to sell shares in the mid-$12 range, a mere 25% premium to the transaction value. Less than a year earlier, management was pitching investors on the story of a bright future with a long runway. When Genius' lock up expires in August 2021, what will its SPAC sponsor do?",
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      "kind": "quote",
      "text": "At a high level, when we look at the landscape, we appear to be in the early days of a secular growth phase in mobile and online real money gaming, including online casino. We are very excited about the long-term opportunity to drive shareholder value... The growth opportunity in terms of new markets is expected to be immense...",
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      "kind": "quote",
      "text": "“At a high level, when we look at the landscape, we appear to be in the early days of a secular growth phase in mobile and online real money gaming, including online casino.” “We are very excited about the long-term opportunity to drive shareholder value…” “The growth opportunity in terms of new markets is expected to be immense…” — Niccolo De Masi, RSI M&A Call August 13, 2020",
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      "kind": "source-note",
      "text": "Source: Bloomberg / Rush Street Interactive M&A Call transcript",
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      "kind": "table",
      "text": "Bloomberg terminal data showing insider selling by De Masi and You in RSI shares between March and May 2021.",
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      "kind": "title",
      "text": "Is Genius' SPAC Sponsor In It For The Long Haul?",
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