Seaport Global in aan 8-K filing today included an investor presentation highlighting its proposed merger with entertainment vending company Redbox.
The combined company would have an enterprise value of $693 million.
Announced in May, the transaction will be funded by $145 million of cash in the SPAC’s trust and a fully committed $50 million PIPE led by Ophir Asset Management. Strategic investors include Lionsgate, Legendary Entertainment, Screenvision and Basil Iwanyk, producer of the John Wick action film series and founder of Thunder Road Films. Read more.
