Seaport Global Acquisition Corp. Announces Share Redemption Backstop in Connection with Redbox Business Combination

Agreements Provide Redbox with Capital to Fund Digital Transformation

NEW YORK–(BUSINESS WIRE)–Seaport Global Acquisition Corp. (NASDAQ: SGAM) (“Seaport Global Acquisition Corp”), a publicly traded special purpose acquisition company, announced today that it has entered into backstop subscription agreements in connection with its proposed business combination with Redbox, America’s destination for affordable new-release movies and entertainment.

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