Form 4: Bally's Corp Director Jaymin Patel Disposes of Shares in Merger Transaction

Director Jaymin Patel reports the disposal of Bally's Corp shares at $18.25 per share following the completion of a merger agreement.

Summary

• Jaymin Patel, a director of Bally's Corporation, reported a change in beneficial ownership on February 11, 2025.
• The earliest transaction date was February 7, 2025.
• Patel disposed of 33,624 shares of common stock at a price of $18.25 per share.
• This transaction was 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, Patel beneficially owns 15,372 shares directly.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a standard transaction following a merger agreement. No specific positive or negative implications are apparent.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger transaction.

Industry Context

This announcement reflects the completion of a merger transaction in the casino and entertainment industry, indicating a consolidation of assets and potential strategic shift for Bally's Corporation.

Stakeholder Impact

• Shareholders received $18.25 per share as part of the merger agreement.

Key Dates

Keywords

Bally's Corporation, Jaymin Patel, Merger Agreement, Beneficial Ownership, Form 4, BALY, Shares Disposal