Loeb & Loeb LLP advised Clint Stinchcomb, the President and CEO of CuriosityStream on the deal. Arnold & Porter Kaye Scholer LLP advised CuriosityStream Inc. on the deal. Kirkland advised Software Acquisition Group, Inc.
CuriosityStream, a streaming platform for documentaries on science, history and other topics, has agreed to go public through a merger with blank-check company Software Acquisition Group Inc.
The business, founded by Discovery Channel creator John Hendricks, is valued in the deal at about $330 million including debt, according to a statement. To finance the transaction, Software Acquisition is raising an additional $25 million, with about 60% coming from new investors.
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.”
The Loeb & Loeb deal team included partners Steve Hurdle (Picture), Marla Aspinwall and Erin Smith.
The Arnold & Porter Corporate & Finance team was led by partner Christopher Peterson, who co-heads the firm’s Capital Markets practice, and included senior associates Heather Ashour and Brandon Hauver and associate Bryan Kim. 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.
Kirkland advised Software Acquisition Group with a team led by transactional partners Christian Nagler, Joshua Zachariah, Stuart Casillas, Erin Blake and Brooks Antweil.
Involved fees earner: Heather Ashour – Arnold & Porter Kaye Scholer LLP; Peter Danias – Arnold & Porter Kaye Scholer LLP; Kathryn Geoffroy – Arnold & Porter Kaye Scholer LLP; Reuven Graber – Arnold & Porter Kaye Scholer LLP; Brandon Hauver – Arnold & Porter Kaye Scholer LLP; Vinita Kailasanath – Arnold & Porter Kaye Scholer LLP; Bryan Kim – Arnold & Porter Kaye Scholer LLP; Nancy Perkins – Arnold & Porter Kaye Scholer LLP; Christopher Peterson – Arnold & Porter Kaye Scholer LLP; David Sausen – Arnold & Porter Kaye Scholer LLP; Styna Tao – Arnold & Porter Kaye Scholer LLP; David Valeck – Arnold & Porter Kaye Scholer LLP; Charles Wachsstock – Arnold & Porter Kaye Scholer LLP; Kathleen Wechter – Arnold & Porter Kaye Scholer LLP; Brooks Antweil – Kirkland & Ellis; Erin Blake – Kirkland & Ellis; Stuart Casillas – Kirkland & Ellis; Christian Nagler – Kirkland & Ellis; Joshua Zachariah – Kirkland & Ellis; Marla Aspinwall – Loeb & Loeb Llp; Steven Hurdle Jr – Loeb & Loeb Llp; Erin Smith – Loeb & Loeb Llp;
Law Firms: Arnold & Porter Kaye Scholer LLP; Kirkland & Ellis; Loeb & Loeb Llp;
Clients: Clint Stinchcomb; CuriosityStream Inc; Software Acquisition Group;
