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Redbox Is Set to Go Public After Officially Closing SPAC Merger

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variety.com

Todd Spangler NY Digital EditorRedbox is about to hit the public markets.The DVD rental kiosk operator, which has been expanding into digital entertainment, announced that it has completed its previously announced merger Seaport Global Acquisition Corp., a publicly traded special purpose acquisition company.The newly merged entity will be known as “Redbox Entertainment Inc.” Redbox’s common stock and warrants are expected to begin trading on Nasdaq on Monday, Oct.

25, under the ticker symbols “RDBX and “RDBXW,” respectively.The transaction will provide Redbox with approximately $88 million in cash.

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