Redbox went public via a SPAC merger with Seaport Global Acquisition in a $693m deal.

Redbox, an American video rental company, went public via a SPAC merger with Seaport Global Acquisition, a special purposes acquisition company, in a $693m deal. “Today marks the beginning of Redbox’s next chapter. As a public company, we plan to continue our strong momentum and accelerate our digital transformation. Through this transaction, and the incremental capital it provides, Redbox is equipped to advance our goal of creating a one stop experience that spans multiple entertainment mediums and simplifies the streaming experience. We are eager to capture the significant and growing opportunities ahead, take our business to the next level and achieve profitable growth for Redbox shareholders," Galen Smith, Redbox CEO.