CuriosityStream To Trade Publicly Via Reverse Merger With Software Acquisition Group
Dade Hayes Finance EditorRising unscripted streaming service CuriosityStream plans to go public as a result of a reverse merger with Software Acquisition Group.The deal has an enterprise value of about $331 million and an equity value of $512 million.CuriosityStream chairman John Hendricks, founder of the Discovery Channel, and Software Acquisition Group chairman Jonathan Huberman made the announcement Tuesday. Hendricks will remain chairman of the new entity, whose management team is expected to remain intact, with Clint Stinchcomb continuing to serve as president and CEO.Software Acquisition Group is a special purpose acquisition company, or SPAC.