Bowlero lists on New York Stock Exchange

Bowlero Corp, the world’s largest owner and operator of bowling centers as well as owner of the Professional Bowlers Association (PBA), and Isos Acquisition Corporation (NYSE: ISOS.U., “Isos”), today announced a definitive agreement for a business combination that would result in Bowlero becoming a publicly listed company. Upon closing of the transaction, the combined company will be named “Bowlero” and its common stock and warrants are expected to trade on NYSE under the new ticker symbols “BOWL” and “BOWL WS”, respectively.

The pro forma implied enterprise value of the combined company is approximately $2.6 billion. Once the transaction closes, Bowlero will continue to be led by its existing management team and is expected to have a nine-person board composed of a majority of independent directors. The transaction supports the continued expansion of Bowlero’s footprint in the $4.5 billion U.S. bowling market. To red article click here.