Galen Smith: Redbox Going Public the SPAC Route

Redbox in May announced its intent to go public through the formation of a “special purpose acquisition company,” a relatively new phenomenon that allows a private company to go public without going through the traditional initial public offering approach. The transaction will result in Redbox becoming a publicly traded company with an enterprise value of $693 million. Upon closing, Redbox’s common stock is expected to trade on Nasdaq under the ticker symbol RDBX.
Media Play News reached out to Redbox CEO Galen Smith for a Q&A, part of an ongoing series of conversations with home industry leaders past, present — and future.

Read the Q/A here.