Genius Sports Announces Commencement of Secondary Offering by Selling Shareholder
14 September 2023 - 1:05PM
Business Wire
Genius Sports Limited (NYSE: GENI) (“Genius Sports,” the
“Company,” “we” or “our”) announced today the commencement of a
public offering of 20,000,000 ordinary shares by an affiliate of
investment funds advised by Apax Partners LLP (the “Selling
Shareholder”). The underwriter will have a 30-day option to
purchase up to an additional 3,000,000 ordinary shares from the
Selling Shareholder.
No ordinary shares are being sold by Genius Sports and Genius
Sports will not receive any proceeds from the offering. In
addition, none of Genius’ officers or directors are selling any
ordinary shares owned by them in the offering.
Goldman Sachs & Co. LLC is acting as the sole bookrunning
manager for the offering.
A shelf registration statement on Form F-3 relating to these
securities was filed with the U.S. Securities and Exchange
Commission (the “SEC”) on June 7, 2022 and declared effective on
June 17, 2022. The offering will be made only by means of a
prospectus supplement and the accompanying prospectus to be filed
with the SEC. Before you invest, you should read the prospectus in
that registration statement and other documents Genius Sports has
filed with the SEC for more complete information about Genius
Sports and this offering. Copies of the registration statement and
accompanying prospectus can be accessed for free through the SEC’s
website at www.sec.gov. Alternatively, copies may be obtained from:
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, New York 10282, by phone at (866) 471‐2526
or by email at prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Genius Sports
Genius Sports is the official data, technology and broadcast
partner that powers the global ecosystem connecting sports, betting
and media. Our technology is used in over 150 countries worldwide,
creating highly immersive products that enrich fan experiences for
the entire sports industry. We are the trusted partner to over 400
sports organizations, including many of the world’s largest leagues
and federations such as the NFL, EPL, FIBA, NCAA, NASCAR, AFA and
Liga MX.
Genius Sports is uniquely positioned through cutting-edge
technology, scale and global reach to support our partners. Our
innovative use of big data, computer vision, machine learning, and
augmented reality, connects the entire sports ecosystem from the
rights holder all the way through to the fan.
Forward-Looking Statements
This press release contains forward-looking statements as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
that involve significant risks and uncertainties. All statements
other than statements of historical facts are forward-looking
statements. These forward-looking statements include information
about our possible or assumed future results of operations or our
performance. Words such as “expects,” “intends,” “plans,”
“believes,” “anticipates,” “estimates,” and variations of such
words and similar expressions are intended to identify such forward
looking statements. Forward-looking statements in this press
release may include, for example, statements about the consummation
of the secondary offering. Although the Company believes that the
forward-looking statements contained in this press release are
based on reasonable assumptions, you should be aware that many
factors could affect our actual financial results or results of
operations and could cause actual results to differ materially from
those in such forward-looking statements, including but not limited
to: risks related to this offering, risks related to our reliance
on relationships with sports organizations and the potential loss
of such relationships or failure to renew or expand existing
relationships; fraud, corruption or negligence related to sports
events, or by our employees or contracted statisticians; risks
related to changes in domestic and foreign laws and regulations or
their interpretation; compliance with applicable data protection
and privacy laws; pending litigation and investigations; the
failure to protect or enforce our proprietary and intellectual
property rights; claims for intellectual property infringement; our
reliance on information technology; and other factors included
under the heading “Risk Factors” in the Company’s Annual Report on
Form 20-F filed with the SEC on March 30, 2023.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company undertakes no obligation to publicly
update or revise any forward-looking statements contained herein,
to reflect any change in our expectations with respect to such
statements or any change in events, conditions or circumstances
upon which any statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20230914897865/en/
Media Chris Dougan, Chief Communications Officer +1 (202)
766-4430 chris.dougan@geniussports.com Investors Brandon Bukstel,
Investor Relations Manager +1 (954)-554-7932
brandon.bukstel@geniussports.com
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