Arnold & Porter Advises CuriosityStream in Its Combination With Software Acquisition Group
Arnold & Porter advised CuriosityStream Inc. (CuriosityStream), the first streaming media company devoted to factual entertainment, in its combination with Software Acquisition Group, Inc. (Software Acquisition Group), a special purpose acquisition company (SPAC). The transaction closed on October 14, 2020, and as of October 15, 2020, the company is trading on the NASDAQ exchange under the ticker symbol "CURI."
With more than 13 million paying subscribers in more than 175 countries, CuriosityStream intends to use the cash proceeds from the merger to fund continued growth.
The Arnold & Porter Corporate & Finance team was led by partner Christopher Peterson, who co-heads the firm's Capital Markets Transactions practice, and included senior associates Heather Ashour and Brandon Hauver, and associates Bryan Kim, Eric An and Jae Yang. The Corporate & Finance team was supported by partner Charlie Wachsstock, counsel Kathleen Wechter and associate Kathryn Geoffroy on employee benefits and executive compensation matters; partner David Sausen and senior associate Reuven Graber on tax matters; partner Vinita Kailasanath and associate Styna Tao on intellectual property matters; counsel Nancy Perkins on data privacy matters; partner David Valeck on finance matters; and counsel Peter Danias on HSR matters.