The US Securities and Exchange Commission has declared effective Allwyn Entertainment’s registration statement on Form F-4 in connection with its previously announced proposed business combination with Cohn Robbins Holding Corp. (CRHC) (SEC).
Before making any voting or investment decision, CRHC shareholders should “read the registration statement and all other relevant documents filed or that will be filed with the SEC in connection with the business combination,” according to the lottery operator.
CRHC has set September 7, 2022 as the date for its extraordinary general meeting to approve the business combination, with the closing of the business combination subject to shareholder approval and the “satisfaction or waiver of other customary closing conditions.”
The combined company is expected to be listed on the New York Stock Exchange with its Class B ordinary shares and warrants under the new ticker symbols ALWN and ALWN.WS once the transaction is completed.
In advance of the meeting, the CRHC board of directors has recommended that all shareholders vote in favor of all proposals.
“CRHC believes the global lottery industry has appealing characteristics, such as high consumer participation across broad demographics, resiliency through market cycles, and upside potential from increasing online penetration,” the group said in a statement.
“Allwyn is a market leader in the $300 billion global lottery industry, operating lotteries in Austria, the Czech Republic, Greece, Cyprus, and Italy through both retail and online channels.”
Following nearly 30 years as the licensee, the UK Gambling Commission recently selected Allwyn as the preferred applicant in the competition for the fourth licence to operate the UK National Lottery.