Rush Street Interactive, Inc. current report, 24 November 2020

Full document

Filing Summary

Business Context and Reporting Period

On November 24, 2020, DMY Technology Group, Inc. furnished a Form 8-K under Item 7.01 to provide Rush Street Interactive, LP’s press release announcing third-quarter 2020 results for the period ended September 30, 2020. RSI was the proposed business-combination target of DMY Technology Group.

Financial Metrics

The filing text identifies the attached press release but does not include its financial results, revenue, profitability, cash flow, margins, debt, liquidity, or other numerical metrics. The filing text therefore does not provide clear values for these items.

Material Changes Versus the Prior Comparable Period

The filing states that RSI raised its full-year guidance, but the revised guidance and prior guidance figures are not included in the provided filing text. No other period-over-period changes are specified.

Guidance, Outlook, Risks, and Unusual Items

  • RSI announced third-quarter 2020 results and raised full-year guidance.
  • The Form 8-K furnishes the information under Regulation FD; the information is not deemed filed for purposes of Section 18 of the Exchange Act.
  • The filing relates to a proposed business combination between DMY Technology Group and RSI. Stockholders were advised to review the preliminary and definitive proxy statements and related SEC filings.
  • DMY Technology Group, RSI, and certain directors and executive officers may be deemed participants in the proxy solicitation.
  • The Form 8-K is not an offer to sell securities or a solicitation to buy securities.

Important Facts to Verify

  • Review Exhibit 99.1 for RSI’s actual third-quarter revenue, earnings, cash flow, operating metrics, and balance-sheet information.
  • Verify the specific revised full-year guidance and the assumptions supporting the increase.
  • Review the proxy statement for transaction terms, shareholder approval requirements, dilution, financing, and completion conditions.
  • Confirm whether the business combination was completed and the subsequent reporting entity and period.