Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Redbox partners with Roku to attract multi-platform users and Hong Kong’s planned SPAC rules help attract Chinese tech firms
Redbox Signs Promotional Agreement with Roku to Further Attract Multi-Platform Users
Entertainment company Redbox today announced it has signed a promotional agreement with Roku to further attract multi-platform users to the Redbox streaming app.
Starting now through mid-2022, consumers will receive a $5 streaming code on Roku players sold exclusively at Walmart. Consumers can then redeem these codes by downloading the Redbox app via their Roku player and the credit is immediately available to use towards movie rentals.
On May 17, Redbox entered into a definitive agreement to combine with Seaport Global Acquisition Corp. (NASDAQ:SGAM).READ
Hong Kong’s Planned SPAC Rules Could Give It An Edge In Attracting Chinese Tech, BioTech Firms
Hong Kong’s proposed listing rules for SPACs could give it extra firepower in the race to attract Chinese new economy companies and biotechnology firms, according to deal makers and market observers.
However, some safeguards designed to protect retail investors may make the city’s bourse less competitive with New York and Singapore in securing IPOs by SPACs themselves without some fine-tuning.