May 21, 2024

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Skillz Announces Pricing of General public Offering of Course A Typical Inventory

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Skillz Inc. (NYSE: SKLZ) (“Skillz”) introduced today the pricing of its beforehand declared underwritten public featuring of 32,000,000 shares of its Course A widespread inventory. Skillz will market 17,000,000 shares of its Class A typical inventory and specific selling stockholders will provide 15,000,000 shares of Course A widespread inventory, at a community offering cost of $24.00 per share. The promoting stockholders have granted the underwriters a 30-day possibility to buy up to an additional 4,800,000 shares of Course A popular stock. The giving is envisioned to shut on or about March 23, 2021, matter to the satisfaction of customary closing ailments.

Skillz intends to use the net proceeds it receives from the providing for doing work funds and normal corporate uses. Skillz will not obtain any proceeds from the sale of Class A prevalent stock made available by the advertising stockholders.

Citigroup, Goldman Sachs & Co. LLC, and Jefferies are performing as joint lead e-book-running managers for the featuring. BofA Securities, RBC Cash Markets, UBS Financial commitment Lender, Wedbush Securities, and Wells Fargo Securities are acting as added e book-managing administrators and Canaccord Genuity and Stifel are performing as co-managers.

The giving will be manufactured only by indicates of a prospectus. A copy of the prospectus, when available, can be accessed by means of the Securities and Exchange Commission’s (“SEC”) web-site at http://www.sec.gov. Copies of the prospectus, when available, may well also be received by getting in contact with: Citigroup Worldwide Markets Inc., Attention: Broadridge Financial Methods, 1155 Very long Island Avenue, Edgewood, New York 11717, or by mobile phone at (800) 831-9146 Goldman Sachs & Co. LLC, Interest: Prospectus Division, 200 West Road, New York, NY 10282, by cell phone at (866) 471‐2526, or by e-mail at [email protected] mail.gs.com or Jefferies LLC, Consideration: Fairness Syndicate Prospectus Office, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by cellphone at 1-877-821-7388, or by e mail at [email protected].

A registration statement relating to these securities has been submitted with, and declared effective by, the SEC. This press release shall not constitute an supply to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which these present, solicitation, or sale would be illegal prior to registration or qualification less than the securities legal guidelines of any these kinds of point out or jurisdiction.

Ahead-Searching Statements

This push release includes “forward-seeking statements” inside the this means of Part 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some scenarios, you can determine forward-hunting statements by terms this kind of as “foresee,” “imagine,” “estimate,” “expect,” “intend,” “outlook,” “may well,” “may well,” “system,” “challenge,” “will,” “would,” “must,” “could,” “can,” “forecast,” “opportunity,” “strategy, “concentrate on,” “discover,” “continue,” or the damaging of these terms, and related expressions intended to detect ahead-on the lookout statements. Nevertheless, not all forward-looking statements incorporate these pinpointing words and phrases. Forward-seeking statements in this release include, but are not constrained to, statements relating to the fulfillment of customary closing ailments linked to the public presenting and Skillz’s ability to entire the community giving. Actual results could differ materially from these stated or implied in forward-searching statements owing to a amount of components, which include but not confined to, risks in depth in the part entitled “Possibility Things” in the registration statement on Sort S-1 relevant to the presenting filed with the SEC, as very well as Skillz’s other filings with the SEC. The forward-hunting statements involved in this press release should really not be unduly relied upon, represent Skillz’s sights only as of the date of this press launch, and do not stand for Skillz’s sights as of any subsequent date. Skillz undertakes no intention or obligation to update or revise any forward-on the lookout statements, whether or not as a end result of new details, long run occasions, adjustments in Skillz’s expectations, or in any other case, apart from as required by legislation.

Supply: Skillz Inc.

Watch resource version on businesswire.com: https://www.businesswire.com/news/home/20210318006065/en/

Contacts

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