Seaport Global Acquisition Corp.
SGAMU
NASDAQ Capital Market- -
USD
- -
- -
CIK
0001820201
ISIN
US8122272052
CUSIP
812227205
Return %
Stock
S&P500
1Y
- -
18.21
3Y
-100.00
63.29
5Y
-100.00
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen C. Smith
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 360 Madison Avenue New York City NY United States of America 10017
- IPO Date
- Nov 25, 2020
- CIK
- 0001820201
- Website
- seaportglobalacquisition.com
- Similar Companies
- Business
- Seaport Global Acquisition Corp. (SGAMU) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on distressed, special situation, or post-reorganization entities; it offers no standalone products or services beyond this structure and holds cash equivalents in trust for distribution upon a successful de-SPAC transaction. Incorporated in 2020 as a Delaware corporation and headquartered in New York, New York, the company targets opportunities in the post-reorganization market where inefficiencies allow combinations at discounts to intrinsic value, primarily in the United States with potential for global distressed asset exposure through its sponsor affiliations. In October 2021, Seaport Global Acquisition Corp. completed a reverse merger with Redbox Automated Retail, LLC, resulting in the combined entity trading as Redbox Entertainment Inc. under the ticker RDBX on Nasdaq, backed by a $50 million PIPE investment led by Ophir Asset Management and $36 million in backstop agreements, providing approximately $88 million in cash proceeds for debt reduction, transaction costs, and growth initiatives. Sponsored by Seaport Global Asset Management LLC, an SEC-registered investment adviser and subsidiary of Seaport Global Holdings LLC, the SPAC leverages expertise in distressed and event-driven securities but maintains no active operations or subsidiaries post-merger completion. As of late 2025, SGAMU units continue trading over-the-counter at around $10.45 with potential delisting risks noted, reflecting its post-SPAC status amid limited recent developments beyond sponsor-related activities like SGAM Advisors LLC's 2024 role as managing member of Penn Capital and SR Alternative Credit.
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