Black Ridge Acquisition Corp
announcedU=S+1WW=S@11.50
AGAE
Capital Structure & Economics
Trust Size$100,500,000
Unit Price$10.00
Warrant Coverage1/1
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
100% Warrant Inclusion| Public Trust Allocation | $100,500,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedSep 18, 2017
Target AnnouncedJan 19, 2021
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyClub Services, Inc.
- SectorEsports and Poker Entertainment
- Announced Deal Size$105,000,000
- Announcement Date2021-01-19
Board & Officers
- Yangyang LiCEO
- Lyle BermanDirector
- Frank NgDirector
- David MoonDirector
- Anthony HungDirector
- Bradley BermanDirector
- Benjamin OehlerDirector
- Joseph LahtiDirector
- Adam PliskaDirector
- Maya RogersDirector
- Ho Min KimDirector
- Yinghua ChenDirector
- Tae Hyung KimDirector
- Ken DeCubellisDirector
- Michael EiseleDirector
- James MoeDirector
- Benjamin S. OehlerDirector
Advanced Structuring Terms
| Target Sectors | Esports and Poker Entertainment |
Syndicate & Advisors
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.