
Bowlero Corp Completes Acquisition of Bowl America
Expands Digital Gaming & Sports Media Efforts Expands Digital Gaming & Sports Media Efforts
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Expands Digital Gaming & Sports Media Efforts Expands Digital Gaming & Sports Media Efforts

Payment of the Special Dividend is Contingent Upon the Closing of the Pending Merger: Shareholders Must Continue to Hold Shares Through the Closing in Order to Receive Dividend Payment ALEXANDRIA, VA / ACCESSWIRE / July 30, 2021 / Bowl America Incorporated (NYSE American:BWL-A) ('Bowl America' or the 'Company') today announced its Board of Directors declared a special cash dividend of $0.60 per share on the Company's Class A and B Common Stock payable to stockholders of record as of August 12, 2021. The special dividend will be paid at or promptly after the effective time of the Company's pending merger with Bowlero Corp. and is contingent in all respects on the closing.

NEW YORK, June 5, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Bowl America, Inc. ("BWL-A" or the "Company") (BWL-A) relating to its proposed acquisition Bowlero Corp. Under the terms of the agreement, BWL-A shareholders will receive $8.53 in cash per share they own. The investigation focuses on whether Bowl America, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

NEW YORK, May 28, 2021 /PRNewswire/ -- Bowlero Corp, the worldwide leader in bowling entertainment, announced today it has entered into a definitive merger agreement with Bowl America Incorporated (NYSE American: BWL-A), under which Bowlero Corp will acquire Bowl America. Upon completion of the transaction, Bowlero Corp, the owner and operator of over 300 bowling center locations in North America, will acquire Bowl America's 17 bowling centers in Florida, Virginia and Maryland.