The Latest SPAC News and Rumors: December 1, 2021


The Latest SPAC News and Rumors: December 1, 2021

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: DraftKings and Kindbridge Research Institute advance veterans-focused gaming research, and Cvent announces new independent board members

DraftKings and Kindbridge Research Institute Advance Veterans-Focused Responsible Gaming Research

DraftKings Inc. (Nasdaq: DKNG) today announced a multi-year financial commitment to Kindbridge Research Institute (KRI) for a new research program to study the nexus of veterans and responsible gaming, with the ultimate goal of advancing evidence-based research in this area and improving the lives of impacted veterans.

DraftKings is the only U.S.-based operator contributing to this project and, as a result of DraftKings’ contribution, KRI will be able to launch the 50x4Vets program, which relies on a three-pronged approach and will include funding research at veterans-focused gaming treatment centers across the country.

Diamond Eagle initially announced its combination with DraftKings back in December of 2019.


Cvent Announces New Independent Board Members for Post-Merger Company

Cvent Inc. (“Cvent”), a market-leading meetings, events, and hospitality technology provider today announced two new Independent Board members who are expected to join its Board of Directors following the completion of the previously announced business combination with Dragoneer Growth Opportunities Corp. II (Nasdaq: DGNS), which is expected to close on December 8, 2021.

The newly appointed Independent Board members will include Chief Financial Officer of Squarespace, Marcela Martin; and former CFO of Cloudera, Jim Frankola, who will be Audit Committee Chairman.