Form 4: Bally's Corp Director Harris Sells Shares in Merger Transaction
SEC Form 4
Director Tracy S. Harris reports the disposal of Bally's Corp common stock at $18.25 per share following the merger agreement.
Summary
- On February 7, 2025, Director Tracy S. Harris reported a transaction involving Bally's Corp common stock.
- The transaction involved the disposal of 7,832 shares at a price of $18.25 per share.
- This disposal occurred as a result of the merger agreement dated July 25, 2024, where Bally's common stock was converted into the right to receive $18.25 per share.
- Following the transaction, Harris directly owns 7,686 shares of Bally's Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a standard transaction following a merger agreement. The director's actions are in line with the agreed-upon terms.
Future Outlook
The document does not contain specific forward-looking statements beyond the completion of the merger transaction.
Industry Context
This announcement reflects a merger transaction, which is a common occurrence in the gaming and entertainment industry as companies seek to consolidate and expand their market presence.
Stakeholder Impact
- Shareholders who did not elect to remain outstanding received $18.25 per share as part of the merger agreement.
Key Dates
| Date | Description |
|---|---|
| July 25, 2024 | Date of the Merger Agreement between Bally's Corporation, SG Parent LLC, The Queen Casino & Entertainment, Inc., and other parties. |
| February 7, 2025 | Date of the transaction where Bally's common stock was converted into the right to receive $18.25 per share, and Tracy S. Harris disposed of 7,832 shares. |
| February 11, 2025 | Date of signature for the Form 4 filing. |
Keywords
Bally's Corp, BALY, Director, Tracy S. Harris, Form 4, Merger Agreement, Share Disposal, Beneficial Ownership
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