Redbox Goes Public in SPAC Transaction
Redbox Goes Public in SPAC Transaction Seaport Global Acquisition agrees to a $693 million deal with the entertainment retailer. Redbox Inc., the provider of red kiosks found in front of supermarkets and drugstores, will move to a new home on the Nasdaq exchange. The Oakbrook Terrace, Ill., entertainment company agreed May 17 to go public through a merger with special purpose acquisition company Seaport Global Acquisition Corp. (SGAM). The transaction, valued at $693 million, calls for Redbox to receive $145 million from Seaport’s trust account and another $50 million from a private placem...
Source: thedeal.com