Redbox Looks to Go Public Again in SPAC Deal
Who says the DVD is dead? Not DVD rental giant Redbox, which believes the discs not only have life to them, but also that they'd make a good investment.
The owner of the ubiquitous red kiosks said Monday it was coming back to the public markets. It agreed to merge with special purpose acquisition company Seaport Global Acquisition (NASDAQ: SGAM) to form a company with a $693 million enterprise value.
Image source: Redbox.
Source Fool.com