**Bally’s Corporation Opens New Election Period for Stockholders**

On December 11, 2024, Bally’s Corporation revealed a new election period for individuals holding shares of Bally’s common stock. This opportunity allows stockholders to make a “Rolling Share Election” concerning the fate of their shares following an impending merger detailed in the Merger Agreement. The terms of the election were outlined in a press release from Bally’s.

Stockholders have the option to choose whether to retain their shares of Company Common Stock post-merger, instead of receiving the cash consideration currently valued at $18.25 per share. Each stockholder, with certain exceptions, will have the choice to partake in this election as per the terms and conditions specified in the Merger Agreement.

The process includes the assignment of a new CUSIP number to identified Rolling Company Shares, allowing for each share to be uniquely tagged. Once the election is accepted, the shares will be earmarked accordingly. Stockholders opting to retain their shares must be aware that during the interim period following the election submission and CUSIP assignment, selling or transferring the shares is restricted to ensure the integrity of the process.

Bally’s decision to initiate a new election period was duly approved by the Special Committee in adherence to the Merger Agreement. Notably, the Committee or the Board of Directors has refrained from recommending any specific actions or choices regarding the Rolling Share Election or the overall retention of investments in Bally’s.

The novel election period affects record holders of Company Common Stock as of the Record Date, ensuring that their preferences are accurately recorded. It is crucial to follow the guidelines set forth to ensure a valid and effective Rolling Share Election process. The ongoing merger, expected to conclude in the first quarter of 2025, is subject to regulatory approvals and customary closing conditions. Stockholders are encouraged to refer to the detailed guidelines provided to ensure a smooth and compliant transition through this election phase.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Bally’s’s 8K filing here.

About Bally’s

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.