Seaport Global Acquisition Corp (SGAM) Secures Backstop Financing

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Seaport Global Acquisition Corp (SGAM) Secures Backstop Financing

Oct 12, 2021 INTEL by Kristi Marvin
Seaport Global (NASDAQ:SGAM) announced this morning that it has added a $36 million backstop to its business combination with Redbox. The SPAC noted that the agreements will ensure that “the cash proceeds available to SGAC as of closing equal or exceed the minimum cash condition under the Business Combination Agreement“. The SPAC has about $145.2
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