Enjoy Merges with SPAC Marquee Raine

Technology & Services

Enjoy merger with Marquee Raine


Summary

Enjoy Technology, Inc. (“Enjoy” or the “Company”) announced that it has closed its previously announced merger with the special purpose acquisition company Marquee Raine Acquisition Corp. (“Marquee Raine”). Through the merger, Enjoy common stock and warrants began trading on the Nasdaq (NASDAQ: ENJY and ENJYW).

Baird served as a capital markets advisor to Enjoy Technology, Inc. on this transaction.

About

Enjoy is a technology-powered platform reinventing "Commerce at Home" to bring the best of the store directly to the customer. Enjoy has formed multi-year commercial relationships with some of the world's leading consumer brands to bring the products, services and subscriptions their customers love through the door directly in the comfort and convenience of their homes. Founded by Ron Johnson, formerly Head of Apple Retail and a member of Apple's executive team, Enjoy has pioneered a new retail experience that the Company believes can do everything a traditional retail experience offers, but better, through its Mobile Stores. Enjoy currently operates in the United States, Canada and the United Kingdom and is headquartered in Palo Alto, California.

Marquee Raine Acquisition Corp. was a blank check company whose business purpose was to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Marquee Raine intended to focus on high growth sectors of TMT including, but not limited to, opportunities in interactive entertainment and games, real money gaming, digital media, sports and sports-enabled assets, health and wellness, out-of-home and live entertainment, audio content and podcasting, technology, or other opportunities in adjacent sectors. Crane H. Kenney, Co-CEO, is the President of Business Operations of the Chicago Cubs. Brett Varsov, Co-CEO, is a Partner and Head of M&A at Raine. Joseph Beyrouty, CFO, is currently the CFO at Raine. Tom Ricketts, co-Chairman and Director, is the Executive Chairman of the Chicago Cubs. Brandon Gardner, co-Chairman and Director, is the co-Founder and Partner of The Raine Group and serves as the firm’s President and COO. Marquee Raine is headquartered in New York, New York.
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Technology & Services

Enjoy merger with Marquee Raine

Date
October 2021
Company
Enjoy Technology, Inc.
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Retail
Internet & Communications
Technology
Media & Telecommunications
Target Location
North America
Acquiror Location
North America

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