Preeminent online gaming company Rush Street Interactive is a market leader in the U.S. online casino segment under the BetRivers and SugarHouse brands; top sports betting offering to roll out new sportsbook app this year

Combined company anticipated to have initial enterprise value of approximately $1.78 billion, plus an estimated over $235 million in net cash to fund growth strategy

Transactions include a $160 million committed PIPE at $10.00 per share led by Fidelity Management and Research Company

RSI projects approximately $320 million in revenue for 2021 fiscal year