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Redbox (Seaport Global Acquisition) Priced, Nasdaq: RDBX.XX

Blank check company formed by Seaport Global targeting businesses that had been reorganized or distressed (completed 10/22/2021).

Industry: SPAC

First Day Return: 0.0%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we intend to focus our search on companies emerging from a reorganization or distressed situation. Our management team is comprised of industry experts, whom we believe are well-positioned to identify and evaluate distressed businesses that would benefit from their experience of leading investment firms. We believe our management team offers extensive experience in distressed and restructuring transactions. Stephen Smith, our Chairman and CEO, founded Seaport Global Asset Management LLC and currently serves as its CEO and Chairman of the Investment Committee, overseeing all of investing and business activities, and in 2001 co-founded its parent, The Seaport Group LLC. We intend to focus our search on companies with an enterprise value of approximately $400 million to $1 billion, with financially sound balance sheets but may have been troubled previously. We believe there are many companies, across industries, that were negatively impacted by the COVID-19 pandemic, but have restructured their businesses, changed their business plans, streamlined their operations and are planning for a new phase of high growth.
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Redbox (Seaport Global Acquisition) (RDBX.XX) Performance