UPDATE: NASDAQ: RDBX halted three times today on the way up and is up for the day. Traders scooped up the cheap shares for a 50% move to the upside today after a disastrous morning. The stock is currently up or flat, and with more than 53,000 trades today, continued volatility should be expected.

May 11, 2022

(NASDAQ:RDBX) tanking this morning as the SPAC announces the closing of this transaction. The stock is down more than 50% from yesterdays close.

Chicken Soup for the Soul Entertainment to Acquire Redbox, Creating Premier Independent Entertainment Company

Combination creates leading independent, integrated direct-to-consumer media platformdelivering premium entertainment for value conscious consumers

Forms streaming industrys premier independent AVOD platforms

Management to host conference call and live webcast on May 11, 2022 at 8:30 am ET

COS COB, Conn., May 11, 2022 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment, Inc. (Nasdaq:CSSE), one of the largest operators of advertising-supported video-on-demand (AVOD) streaming services, and Redbox Entertainment Inc. (Nasdaq:RDBX), a leading entertainment company, have entered into a definitive agreement under which Chicken Soup for the Soul Entertainment will acquire Redbox.

Read entire article here: https://www.globenewswire.com/news-release/2022/05/11/2440722/0/en/Chicken-Soup-for-the-Soul-Entertainment-to-Acquire-Redbox-Creating-Premier-Independent-Entertainment-Company.html

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