For example, it appears a lot of investors have been selling their shares in GNOG since the merger closed on Dec. Moreover, this is making the stock a bit more volatile than most other SPAC mergers. It is also the reason why it took two shareholder meetings in December for the deal to close. 7 Hot Stocks to Buy Now Before They Take Off.This is based on nothing more than page 5 of the company’s investor presentation from July. That is a great thing for the public investors since they now own about 46% of the GNOG stock. There was no PIPE deal (private investment in public equity) with institutional investors. Moreover, this deal was a little different than most SPAC mergers. Second, the company has not filed with the SEC its final share count information, nor have Fertitta’s interests filed. Its NJ gaming site does not have any information on the company as a public entity. Golden Nugget Online Gaming Mergerįirst, it appears that Golden Nugget Online Gaming does not even have its own investor relations website yet.

However, Fertitta’s interests do own about 52% of GNOG stock, but we don’t yet know the exact amount of shares for two reasons. That company is privately held by Tilman Fertitta. Keep in mind that Golden Nugget Online Gaming is not in any way related to Golden Nugget Casinos (based in Las Vegas and Laughlin).

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