John Hendricks’ CuriosityStream Enters Into $331M Reverse Merger to Become a Publicly Traded Company
Todd Spangler NY Digital EditorCuriosityStream, the nonfiction streaming company headed by Discovery Channel founder John Hendricks, is going public through a reverse merger with a firm set up to execute just such a roll-up deal.CuriosityStream is combining with Software Acquisition Group Inc., a special purpose acquisition company that raised about $150 million in November 2019. The merger is valued at $331 million, with the new entity carrying an equity value of approximately $512 million, according to the companies.Technically, Software Acquisition Group is acquiring CuriosityStream (and the new company will adopt the CuriosityStream name).