John Hendricks’ CuriosityStream Enters Into $331M Reverse Merger to Become a Publicly Traded Company

, is going public through a reverse merger with a firm set up to engage in just such a roll-up deal.

Launched in 2015, CuriosityStream says it now has more than 13 million paying subscribers for the service, which offers an array of 3,100-plus titles including original docuseries, films and specials spanning science, nature, history, technology, society and lifestyle. When the deal closes, CuriosityStream’s common stock will be listed on NASDAQ under the ticker symbol “CURI.”, which include Hendricks, Blum Capital Ventures and TimesSquare Capital Management, will contribute all of their equity into the combined company. The reverse-merger deal will put around $180 million of cash on CuriosityStream’s balance sheet — and it will have zero debt, according to the companies’ agreement.

“We are proud to combine with CuriosityStream,” Huberman said in a statement. “CuriosityStream is the clear leader in the high growth factual media streaming market. We look forward to working with such a strong management team led by industry legend John Hendricks and his business partner of many years, Clint Stinchcomb, as they continue to drive CuriosityStream adoption across global markets. I am confident our investors will share my total respect for their vision and leadership.

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