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Technology Stocks : DraftKings, Inc. / Online Gambling
DKNG 27.97+0.2%Nov 6 3:59 PM EST

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From: Glenn Petersen6/16/2020 5:40:18 PM
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DKNG has filed a registration statement for a secondary offering of 14,000,000 shares. The registration statement also includes 19,000,000 being registered on behalf of some of their existing shareholders.

sec.gov

The stock is down about $2.00 in after hours trading.

A bit of short term pain, but a smart move for the long term.
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