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.

(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

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.