Tekkorp is no longer looking for a sports betting company to acquire and take public through a SPAC.
The blank-check company announced the deal was dead Tuesday after it chose not to seek an extension to the Oct. 26 deadline.
Tekkorp was targeting a gaming business with a $1-$2 billion enterprise value, according to its registration statement from August 2020. The company ended with $251.3 million held in trust and will redeem 100% of shares at $10.05.
What about online IL sports betting license?
Tekkorp was the only applicant that won one of the three $20 million standalone Illinois sports betting licenses this April.