MKM Partners reiterated coverage of Isos Acquisition with a rating of Buy and set a new price target of $14.00 from $13.00 previously

MKM Partners initiated coverage of Isos Acquisition with a rating of Buy and set a new price target of $13.00

MKM Partners initiated coverage of Isos Acquisition Corp with a rating of Buy

RICHMOND, Va., Dec. 15, 2021 (GLOBE NEWSWIRE) -- Bowlero Corp. ("Bowlero"), the world's largest owner and operator of bowling centers and owner of the Professional Bowlers Association (PBA), today announced the completion of its business combination (the "Business Combination") with Isos Acquisition Corporation (NYSE:ISOS) ("Isos"), a special purpose acquisition company. The Business Combination was approved by a majority of Isos stockholders in an extraordinary general meeting on December 14, 2021. Approximately 90% of the votes cast at the meeting were in favor of the business combination. Pursuant to the merger, Bowlero merged with and into Isos, with Isos surviving and being renamed "

Total bowling center revenue for the nine weeks ended November 28, 2021 grew 20.3% to $134 million versus pre-pandemic levels in the corresponding period of calendar 2019Four new bowling centers added to Bowlero's portfolio, thus growing operating center count to 314Rebranded two iconic New York City Bowlmor Lanes venues to Bowlero RICHMOND, Va., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Bowlero Corp., the world's largest owner and operator of bowling centers, and owner of the Professional Bowlers Association ("Bowlero"), has announced that it grew revenue in the first nine weeks of fiscal Q2 by more than 20%, while growing same store sales by 8.7% ahead of its plans to list on the NYSE through

Extraordinary General Meeting of Isos Acquisition Corporation ("Isos") Shareholders to Approve the Business Combination with Bowlero Corp. ("Bowlero") will be held December 14, 2021, at 11:00 a.m. ET Isos Recommends All Stockholders Vote "FOR" all Proposals, including the Business Combination Effectiveness Follows Bowlero Outperformance for Fiscal Quarter ended September 26, 2021 WESTPORT, Conn. and RICHMOND, Va., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Following the release of a second consecutive quarter of strong results by Bowlero Corp., Isos Acquisition Corporation (NYSE:ISOS), a special purpose acquisition company, and Bowlero, the world's largest owner and operator o

RICHMOND, Va., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Bowlero Corp ("Bowlero"), the world's largest owner and operator of bowling centers and owner of the Professional Bowlers Association (PBA), today announced that Tom Shannon, Founder and CEO, and Brett Parker, President and CFO, will be participating in Gearing Up for the New Normal: A Virtual Best Ideas Conference by MKM Partners on November 17, 2021. Mr. Shannon and Mr. Parker will be featured in a fireside chat at 9:10AM ET. Yesterday, Bowlero announced that it had outperformed Q1 2022 fiscal year expectations for the quarter ended Sep 26. 2021 and posted significant growth vs. pre-pandemic levels. In July Bowlero announced plans to list

Leisure revenue, which accounts for the bulk of total revenue, rose 22% from pre-pandemic levels.Net Income for the quarter was $25 million vs. a loss of $20 million in the first quarter of fiscal year 2021.Adjusted EBITDA rose 140% vs. pre-pandemic quarter to $59 million, as operational efficiencies continue to drive significant margin expansion.Balance sheet further strengthened by $54 million of cash generated from operating activities, net over the period. Total bowling center revenue, gross profit, EBITDAR, and EBITDAR margin outperformed expectations.Fourth highest revenue quarter in Bowlero's history, in what is seasonally a lower sales volume quarter. RICHMOND, Va., Nov. 15, 2021

RICHMOND, Va., Oct. 08, 2021 (GLOBE NEWSWIRE) -- Isos Acquisition Corporation (NYSE:ISOS) and Bowlero Corp (Bowlero), the world's largest owner and operator of bowling centers and owner of the Professional Bowlers Association (PBA), are pleased to announce that Noble Capital Markets has released a SPACtrac Report on the Company. The full report by Noble Capital Markets Senior Research Analyst Michael Kupinski, as well as news and advanced market data on Bowlero is available on Channelchek. In July Bowlero announced plans to list on the NYSE through a merger with Isos. Upon the closing of the transaction with Isos – expected in October-November – Bowlero's common stock and warrants are

Location performance has consistently improved and now far exceeds pre-pandemic levels while maintaining momentum.Adjusted EBITDA exceeded fiscal year 2021 expectations by 14% due to recovery in businesses and accelerating operational efficiencies.Guidance for calendar year 2022 Adjusted EBITDA increased by $10 million, a 4% increase from the previous guidance.Strong organic performance enhanced by disciplined inorganic growth.Balance sheet further strengthened by $54 million of cash generated from operations in Q4 FY 2021. RICHMOND, Va., Sept. 21, 2021 (GLOBE NEWSWIRE) -- Bowlero Corp ("Bowlero"), the world's largest owner and operator of bowling centers and owner of the Professional B

RICHMOND, Va., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Bowlero Corp ("Bowlero"), the world's largest owner and operator of bowling centers as well as owner of the Professional Bowlers Association (PBA), today announced that it has completed its acquisition of Bowl America (NYSE:BWL) and its 17 bowling centers in Florida, Virginia and Maryland. Total consideration for the transaction is approximately $44 million. The Bowl America acquisition is Bowlero Corp's latest strategic growth initiative following last month's announcement of plans to list on the NYSE through a merger with Isos Acquisition Corporation (NYSE:ISOS, "Isos"))). Upon the closing of the transaction with Isos – expected in Oc

Merger with Isos Acquisition Corporation (NYSE:ISOS) supports further expansion of Bowlero's large, profitable and growing business.Pro forma implied enterprise value of the combined company is approximately $2.6 billion.Transaction includes $450 million PIPE anchored by institutional investors including funds managed by affiliates of Apollo Global Management, Inc., Brigade Capital Management, Soros Fund Management LLC, The Donerail Group LP and Wells Fargo Asset Management.Total pre-pandemic trailing twelve months (TTM) through Feb 2020 revenue and EBITDA were $746 million and $201 million, respectively.Revenue and EBITDA for calendar year 2022 are expected to be $859 million and $275 milli

Bowlero Corp. (“Bowlero”), the world’s largest owner and operator of bowling centers and owner of the Professional Bowlers Association (PBA), today announced the completion of its business combination (the “Business Combination”) with Isos Acquisition Corporation (NYSE:ISOS) (“Isos”), a special purpose acquisition company. The Business Combination was approved by a majority of Isos stockholders in an extraordinary general meeting on December 14, 2021. Approximately 90% of the votes cast at the meeting were in favor of the business combination. Pursuant to the merger, Bowlero merged with and into Isos, with Isos surviving and being renamed “Bowlero Corp.” The common stock and warrants of the

The month of December shows an increasing number of SPAC deal votes. SPAC merger votes can act as a catalyst, as the votes complete the last step in the merger process and change the company over to a new name and ticker that can help build recognition. Several former SPACs also saw wide swings in their share price after being de-SPAC-ed if they receive heavy redemption and have a low float for shares available. December SPAC Merger Calendar: Dec. 1: Aldel Financial Inc (NYSE:ADF) and Hagerty: Auto insurance company Hagerty specializes in providing insurance for classic cars and vehicles. Dec. 2: 890 5th Avenue Partners (NASDAQ:ENFA) and BuzzFeed: Media company BuzzFeed owns brands that i

25-NSE - Bowlero Corp. (0001840572) (Subject)

8-K - Isos Acquisition Corp. (0001840572) (Filer)

8-A12B/A - Isos Acquisition Corp. (0001840572) (Filer)

425 - Isos Acquisition Corp. (0001840572) (Subject)

424B3 - Isos Acquisition Corp. (0001840572) (Filer)

EFFECT - Isos Acquisition Corp. (0001840572) (Filer)

425 - Isos Acquisition Corp. (0001840572) (Subject)

8-K/A - Isos Acquisition Corp. (0001840572) (Filer)

425 - Isos Acquisition Corp. (0001840572) (Subject)

8-K - Isos Acquisition Corp. (0001840572) (Filer)

4 - Bowlero Corp. (0001840572) (Issuer)

4 - Bowlero Corp. (0001840572) (Issuer)

3 - Bowlero Corp. (0001840572) (Issuer)

4 - Bowlero Corp. (0001840572) (Issuer)

3 - Bowlero Corp. (0001840572) (Issuer)

3 - Bowlero Corp. (0001840572) (Issuer)

4 - Bowlero Corp. (0001840572) (Issuer)

4 - Bowlero Corp. (0001840572) (Issuer)

3 - Bowlero Corp. (0001840572) (Issuer)

3 - Bowlero Corp. (0001840572) (Issuer)