Business Combination (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of stand-alone financial performance

	Year Ended December 31, 2023
		Redbox		1091		Total
Net revenue	$	151,046,990	$	25,662,405	$	176,709,395
Net income (loss)	$	(454,028,894)	$	4,275,804	$	(449,753,090)
	Year Ended December 31, 2022
		Redbox		1091		Total
Net revenue	$	86,322,726	$	40,992,549	$	127,315,275
Net income (loss)	$	(35,870,971)	$	24,034,837	$	(11,836,134)

Redbox Entertainment Inc.

Schedule of preliminary allocation of the purchase price

Class A common stock	$	65,828,719
Class A common stock issued upon vesting of Redbox RSUs		703,244
Class A common stock warrants issued to Redbox warrant holders		3,473,185
Total merger consideration	$	70,005,148

Schedule of fair values of assets acquired

		Amounts recognized as of acquisition date (as previously reported)		Measurement period adjustments		Purchase price allocation
Assets acquired:
Cash, cash equivalents and restricted cash	$	12,921,550	$	—	$	12,921,550
Accounts receivable		17,704,843		51,607		17,756,450
Content library		21,241,822		(594,668)		20,647,154
Prepaid expenses and other assets		16,783,468		(343,566)		16,439,902
Property and equipment		15,504,940		—		15,504,940
Right-of-use assets		7,183,735		—		7,183,735
Intangible assets(1)		291,200,000		—		291,200,000
Goodwill		215,284,816		(3,352,082)		211,932,734
Total assets acquired		597,825,174		(4,238,709)		593,586,465
Liabilities assumed:
Debt		359,854,921		—		359,854,921
Accounts payable and accrued expenses		91,644,772		(4,238,709)		87,406,063
Operating lease liabilities		7,183,736		—		7,183,736
Financing lease liabilities		2,241,304		—		2,241,304
Other liabilities		66,895,293		—		66,895,293
Total liabilities assumed		527,820,026		(4,238,709)		523,581,317
Net assets acquired	$	70,005,148	$	—	$	70,005,148

(1) The weighted-average useful life of intangible assets acquired is approximately 14 years.

Schedule of proforma financial information

	Year Ended
	December 31, 2022
Net revenue	$	409,200,000
Net loss	$	(287,625,000)

1091 Media, LLC

Schedule of preliminary allocation of the purchase price

Accounts receivable, net	$	4,677,133
Content assets		4,695,000
Other assets		49,347
Intangibles		2,810,000
Goodwill		5,476,711
Total assets acquired		17,708,191
Accounts payable and accrued expenses		129,244
Revenue share payable		1,623,177
Accrued third-party share		3,999,544
Total liabilities assumed		5,751,965
Net assets acquired	$	11,956,226
Cash consideration	$	8,000,000
Equity consideration - Class A common stock		3,303,750
Equity consideration - Series A Preferred Stock		1,980,000
Purchase price consideration		13,283,750
Less: cash acquired		(1,327,524)
Total Estimated Purchase Price	$	11,956,226