White Knight Capital Seeks LIV Golf Nasdaq Merger, PIF Debt Swap
Cheyenne – September 08, 2026 -- White Knight Capital Corp. is in advanced negotiations with Saudi Arabia's Public Investment Fund (PIF) to restructure LIV Golf Enterprises through a debt-to-equity conversion and a planned reverse merger into a Nasdaq-listed entity, targeting a 2027 launch of "LIV Golf 2.0."
White Knight requests $100 million in fresh PIF equity alongside a $500 million bank-backed facility
Under the proposed terms, White Knight would take an assignment of PIF's existing rights, obligations, and claims tied to LIV Golf. The Wyoming-based firm has requested that PIF commit an additional $100 million in direct equity into the post-merger public company. Separately, White Knight has arranged a $500 million equity facility through a major Wall Street investment bank, contingent on completion of the merger and other closing conditions.