CuriosityStream, a streaming service offering factual content, is headed to the NASDAQ Exchange via a reverse merger deal valued at $331 million, including debt.
A special purpose acquisition company, Software Acquisition Group, which is listed on the NASDAQ after raising $150 million last year to buy another company, will purchase CuriosityStream at an enterprise value of $331 million and an equity value of $512 million.
The deal will turn CuriosityStream into a public company, under the ticker symbol CURI. John Hendricks, founder of the Discovery Channel who launched CuriosityStream in 2015, will remain chairman of the board of the combined company and becomes its largest shareholder.
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