Issuer Retreats From Racial Share Allocation Scheme
By EsqSocial Corporation 07/05/25
In February, I wrote about a proposed offering that involved a racially based share allocation scheme. Last month, it appeared that the offering was stalled at the Securities and Exchange Commission. Recently, the company, Bally’s Chicago, Inc., disclosed that it intends to proceed with the offering. However, now the company says in an amended registration statement that it intends” to provide preferential allocations of Class A Interests to City of Chicago residents and Illinois residents...
By: Allen Matkins