Bullpen Parlay Acquisition said it will redeem outstanding shares and cease operations on or prior to June 7.

The announcement did not mention a per-share redemption price for the stock.

Bullpen Parlay raised $200 million in a December 2011 IPO to pursue the acquisition of a company in the online real money gaming, technology, sports, digital media, hospitality and leisure industries.

Executive Chairman Paul Martino served on the board of FanDuel from 2012 through 2017. He is the co-founder of multiple companies, including Ahpah Software, a computer security firm acquired by InterTrust and now owned by Sony; Tribe, a social network founded in 2003; and Aggregate Knowledge, a big data advertising attribution company acquired in 2014 by Neustar. Read more.

Source: Bullpen Parlay Acquisition to Redeem and Liquidate