by doctoreleven217 As many of you know, Draftkings went public Friday through a reverse merger with DEAC. When announced last November, the deal was valued at $3.3 billion. In order to hold $400 million cash as required by the terms of the deal, DEAC sold stock which was originally priced at $10 per share. The value of those shares rose to ~$17 by market close yesterday driven by people wanting to invest in Draftkings before the deal was finalized. These DEAC shares are being swapped today 1:1 for DKNG shares. Problem is, DEAC's S1/A (describing the deal – link below) filed with the SEC yesterday described a large increase in the supply of shares of stock available following the merger. On the 2nd page DEAC is listed as having 44.7 million shares of stock and 3 million warrants.