August 20, 2021
Net income in the second quarter was boosted by a $290 million fair value adjustment on the investment in sneaker marketplace GOAT, resulting in a $430 million profit, up from $45 million last year, on 10% higher revenues of $2,275 million against $2,077 million.
Topps and Mudrick Capital Acquisition Corporation II have called off their merger after Major League Baseball and the MLB Players Association revealed that Fanatics would take over the exclusive baseball card license after the expiration of the current agreements.
Sales at SMSEY’s Gregory Mountain Products pack segment grew by 36% to $32.7 million in the first half, from $24.1 million last year, not quite recovering to 2019’s $34.9 million in revenues, however.
S&P Global revised its outlook for the BSN Sports and Varsity Spirit parent to stable from negative, while maintaining its CCC+ issuer credit rating and issue-level ratings.
Under Dog said that noteholders of its 1.50% convertible senior notes due in 2024 have agreed to exchange about $169.1 million of the debt for cash and Class C shares, plus accrued interest.
DRG, which makes components for AR-platform MSRs, is getting into the assembled firearms business with the acquisition of Saltwater Arms, LLC.