On August 11, 2022, Chicken Soup for the Soul Entertainment, Inc. consummated its acquisition of Redbox through a series of mergers under the terms of the previously disclosed Merger Agreement, dated as of May 10, 2022, by and among the Company, Redbox, RB First Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of the Company (Merger Sub Inc.), RB Second Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (Merger Sub LLC), Redwood Opco Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (Opco Merger Sub LLC), and Redwood Intermediate LLC, a Delaware limited liability company (Opco LLC). At the closing of the mergers described in Item 2.01, above, Galen C. Smith, former chief executive officer of Redbox, was appointed executive vice chairman of the Company and its Redbox subsidiary. In his role with the Company, Mr. Smith will oversee the Company's future growth, including strategic acquisitions.

At the closing of the mergers, Jonathan Katz was named president of the Company. Mr. Katz previously held senior executive roles at Scripps Networks, Katz Networks, and Turner Broadcasting. In his role with the Company, Mr. Katz will oversee the Company's operating businesses, including streaming services, Redbox kiosks, and original content studios.

Messrs. Smith and Katz will report to William J. Rouhana, Jr., chairman, and chief executive officer of the Company.