HOUSTON, Feb. 4, 2021 /PRNewswire/ — Golden Nugget On the net Gaming, Inc. (Nasdaq: GNOG) (“GNOG” or the “Company”) right now declared that it will redeem all of its fantastic general public warrants (the “Community Warrants”) to order shares of the Company’s Class A frequent inventory (the “Prevalent Inventory”) that were being issued under the Warrant Agreement, dated as of May 6, 2019 (the “Warrant Agreement”), by and amongst the Enterprise and Continental Inventory Transfer & Belief Enterprise, as warrant agent and transfer agent (“Continental”), and that continue to be outstanding next 5:00 p.m. New York Metropolis time on March 8, 2021 for a redemption price tag of $.01 for every warrant. Warrants that had been issued less than the Warrant Arrangement in a non-public placement and held by the founders of the Business are not issue to this redemption.

Underneath the conditions of the Warrant Settlement, the Firm is entitled to redeem all of its excellent Public Warrants for $.01 for every General public Warrant if the described closing selling price of the Firm’s Popular Inventory is at minimum $18.00 for every share on every of twenty trading times inside a thirty trading day period ending on the 3rd trading day prior to the date on which a see of redemption is provided. This overall performance threshold was reached following the market place close on January 28, 2021.

All outstanding Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York Town time on March 8, 2021, to purchase shares of the Widespread Stock, at the workout value of $11.50 per share, payable in dollars.

At the way of the Corporation, Continental Inventory Transfer and Trust Organization, in its capability as warrant agent, has mailed a discover of redemption to every single of the registered holders of the outstanding General public Warrants. Holders of General public Warrants in “street identify” must straight away speak to their broker to establish their broker’s procedure for doing exercises their Community Warrants due to the fact the procedure to work out is voluntary.

The shares of Frequent Inventory fundamental the Community Warrants have been registered by the Business less than the Securities Act of 1933, as amended, and are lined by a registration statement submitted on Form S-1 with, and declared effective by, the Securities and Exchange Commission (Registration No. 333-252362).

Queries regarding redemption and workout of the Community Warrants can be directed to Continental Inventory Transfer & Rely on Corporation, 1 State Street, 30th Flooring, New York, New York 10004, Consideration: Compliance Division, phone selection (212) 509-4000.

This push launch shall not represent an present to offer or the solicitation of an provide to purchase any GNOG securities and shall not represent an provide, solicitation or sale in any jurisdiction in which these types of giving, solicitation or sale would be unlawful.

About Golden Nugget On line Gaming

Golden Nugget On the internet Gaming is a leading on the web gaming company that is thought of a market place chief by its friends and was 1st to convey Stay Seller and Stay On line casino Ground to the United States on line gaming current market. GNOG was the earlier recipient of 15 eGaming Evaluation North The us Awards, such as the coveted “Operator of the Year” award in 2017, 2018, 2019 and 2020.

Ahead Wanting Statements

This push release contains forward-looking statements within the meaning of Area 27A of the Securities Act of 1933, as amended, or the Securities Act, and Part 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, about us and our marketplace that include substantial threats and uncertainties. All statements other than statements of historic specifics contained in this press launch, including statements relating to steerage, our future outcomes of operations or economic ailment, enterprise method and designs, user development and engagement, product initiatives, and aims of management for upcoming operations, and the impact of COVID-19 on our organization and the overall economy as a complete, are forward-hunting statements. In some cases, you can recognize ahead-seeking statements because they comprise text this sort of as “anticipate,” “believe,” “contemplate,” “keep on,” “could,” “estimate,” “hope,” “forecast,” “going to,” “intend,” “may possibly,” “prepare,” “opportunity,” “forecast,” “challenge,” “suggest,” “must,” “focus on,” “will,” or “would” or the detrimental of these terms or other very similar conditions or expressions. We warning you that the foregoing may well not consist of all of the forward-wanting statements produced in this push launch.

You ought to not depend on forward-looking statements as predictions of long term functions. We have based mostly the forward-looking statements contained in this push launch generally on our present-day anticipations and projections about potential events and developments, which include the ongoing COVID-19 pandemic that we imagine may well affect our small business, money condition, success of operations, and potential clients. These forward-on the lookout statements are not assures of potential general performance, ailments or results, and involve a amount of recognised and mysterious risks, uncertainties, assumptions and other essential aspects, lots of of which are outside the house GNOG’s control, that could cause precise outcomes or outcomes to differ materially from individuals talked over in the ahead-hunting statements. Significant factors, among many others, that may well have an impact on genuine results or outcomes include the inability to identify the expected gains of the Company’s business enterprise combination charges linked to the enterprise combination the incapability to maintain the listing of GNOG’s shares on Nasdaq GNOG’s capacity to handle expansion GNOG’s capability to execute its small business strategy and meet its projections possible litigation involving GNOG improvements in relevant laws or laws, particularly with respect to gaming general economic and current market disorders impacting desire for GNOG’s merchandise and solutions, and in distinct economic and sector problems in the media / amusement / gaming / program sector in the marketplaces in which GNOG’s operates the possible adverse consequences of the ongoing world-wide coronavirus (COVID-19) pandemic on capital markets, typical financial conditions, unemployment and GNOG’s liquidity, operations and personnel, as very well as threats, uncertainties, and other factors described in the area entitled “Chance Components” in GNOG’s filings with the SEC, which are available on the SEC’s web page at www.sec.gov. Added info will be manufactured offered in other filings that we make from time to time with the SEC. In addition, any forward-seeking statements contained in this push launch are primarily based on assumptions that we feel to be realistic as of this date. We undertake no obligation to update any ahead-looking statements to mirror activities or circumstances just after the day of this push release or to replicate new details or the event of unanticipated functions, which includes future developments connected to the COVID-19 pandemic, except as expected by legislation.

 

Perspective primary information:http://www.prnewswire.com/news-releases/golden-nugget-on line-gaming-announces-redemption-of-public-warrants-301221922.html

Source Golden Nugget Online Gaming, Inc.