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John Hendricks’ CuriosityStream Enters Into $331M Reverse Merger to Become a Publicly Traded Company

John Hendricks film 2020 Inside information Latin Company

11.08.2020 - 16:37

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variety.com

variety.com:

Todd Spangler NY Digital EditorCuriosityStream, the nonfiction streaming company headed by Discovery Channel founder John Hendricks, is going public through a reverse merger with a firm set up to execute just such a roll-up deal.CuriosityStream is combining with Software Acquisition Group Inc., a special purpose acquisition company that raised about $150 million in November 2019.

The merger is valued at $331 million, with the new entity carrying an equity value of approximately $512 million, according to the companies.Technically, Software Acquisition Group is acquiring CuriosityStream (and the new company will adopt the CuriosityStream name).

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