Bullpen Parlay Acquisition to Redeem and Liquidate

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, , 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