Form 4: Bally's Corp EVP, Chief Legal Officer Barker Lee Kim Reports Beneficial Ownership Change Following Merger

Following the merger agreement, Bally's Corp EVP, Chief Legal Officer Barker Lee Kim reports a change in beneficial ownership due to the conversion of common stock into cash consideration.

Summary

• On February 7, 2025, Bally's Corporation's common stock was converted to cash as part of a merger agreement.
• Each share was converted into the right to receive $18.25 in cash.
• Lee Kim Barker, EVP, Chief Legal Officer, reported the transaction.
• Barker directly owned 12,039 shares of common stock which were disposed of at $18.25 per share.
• Following the transaction, Barker directly owns 0 shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document simply reports a transaction related to a previously announced merger. It doesn't convey positive or negative implications beyond the factual reporting.

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, 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 in cash.

Key Dates

Keywords

Beneficial Ownership, Form 4, Merger Agreement, Bally's Corp, BALY, Barker Lee Kim, SEC Filing