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  "documentTitle": "DraftKings | Results Presentation Deck | 30 slides",
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  "authorName": "DraftKings",
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  "presentationDate": "2020-01-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding transaction assumptions and equity structure.",
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      "kind": "chart",
      "text": "Illustrative Pro Forma Ownership at Close: Sellers' Rollover Equity 74%, SPAC Shareholders 14%, PIPE Investors 12%.",
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      "text": "Note: DraftKings may increase the PIPE size between transaction announcement and close. (1) Cash held in the trust account as of September 30, 2019. (2) Includes $67 million in DK convertible notes... (3) Figures may not foot due to rounding...",
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      "text": "Diamond Eagle Acquisition Corp. is a publicly listed special purpose acquisition vehicle with over $400 million in cash. DEAC has agreed to combine with DraftKings and SBTech. Values the combined DK and SBT business at $2.7 billion. Represents an attractive entry multiple of 3.9x 2021E revenue. DK founders and shareholders are rolling 100% of their equity. Post-closing, the combined company will have a dual class shareholder structure. Concurrent with this transaction, DK and DEAC have raised $372 million in committed PIPE equity. After giving effect to the transaction, the company will have over $500 million of unrestricted cash.",
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      "text": "Illustrative Sources and Uses: DEAC Cash in Trust $403, PIPE Investment $372, Sellers' Equity $2,700, SPAC Upfront Founder Equity $37. Total $3,512. Uses: Cash to Balance Sheet $527, Cash to SBT Shareholders $198, Sellers' Equity $2,700, SPAC Upfront Founder Equity $37, Transaction Fees $50. Total $3,512.",
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      "text": "PROPOSED TRANSACTION SUMMARY",
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