-Company offered secondary offering of 32 million shares @ 24/share -The offering is expected to close on or about March 23, 2021. -Skillz may use the proceeds for working capital and general corporate purposes, according to the statement.
Catalyst im looking for:
-The Company is initiating 2021 revenue guidance of $366 million, which equates to 59% year-over-year growth. - How will they use working capital gained from offering -The developer challenge for NFL themed mobile game will launch in the second quarter of 2021 - possible long play as i see them expanding their n2 numbers with new games added to their platform