Welcome to our dedicated page for Drive Shack news (Ticker: DSHK), a resource for investors and traders seeking the latest updates and insights on Drive Shack stock.
Drive Shack Inc. (NYSE: DSHK) operates at the intersection of sports technology and leisure entertainment, offering innovative golf experiences through its tech-enhanced venues. This news hub provides stakeholders with timely updates on corporate developments directly influencing the company's market position.
Investors and industry observers will find verified announcements spanning quarterly earnings, strategic partnerships, and venue expansions. Our curation emphasizes material events affecting operational strategy and financial performance, including leadership changes and technological implementations across Drive Shack's entertainment properties.
The repository serves as a definitive source for tracking the company's progress in merging digital innovation with recreational sports. Regular updates ensure professionals can monitor how DSHK navigates market trends in experiential entertainment and competitive leisure offerings.
For consistent access to primary source materials, bookmark this page or establish regular review intervals. All content adheres to journalistic standards for accuracy in financial reporting and corporate communications.
Drive Shack (OTCQX: DSHK) has secured a $26.5 million senior secured term loan to fund the construction of its developing Puttery venues. An initial borrowing of $16 million was made on March 3, with $10.5 million available until September 1, 2023. The facility features a five-year term with interest set at SOFR plus 8.50%. Quarterly amortization begins in 2024 at 5% per year. The loan is guaranteed by subsidiaries and is secured by all assets within the entertainment golf segment. Investors can find full details in the upcoming 2022 Annual Report.
Drive Shack Inc. (OTCQX: DSHK) announces the opening of Puttery Pittsburgh on February 17, 2023, at 12 p.m. ET. Located in the Strip District, this 19,000-square-foot, adults-only venue features three immersive nine-hole courses, including Garage, Lodge, and Library, alongside various bar and lounge areas. The opening aims to capitalize on Pittsburgh's vibrant sports entertainment culture. Reservations are encouraged as the venue accommodates private events for up to 400 guests. Drive Shack aims to enhance its portfolio of golf-related leisure experiences with this unique offering.
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