Core Viewpoint - Cineverse Corp. has announced an agreement to acquire IndiCue, Inc. for $22 million, enhancing its capabilities in connected television monetization [1] Group 1: Acquisition Details - The acquisition of IndiCue, Inc. is valued at $22 million, which will be paid in cash and shares of Cineverse common stock, subject to adjustments [1] - The acquisition is expected to be completed on or about February 13, 2026 [1] Group 2: Financing and Capital Structure - Cineverse has agreed to issue convertible notes totaling $13 million, with a four-year term and an interest rate of 9% per annum, convertible into shares of Cineverse's common stock [1] - The proceeds from the convertible notes will be used to fund the IndiCue acquisition, as well as for working capital and other general corporate purposes [1] Group 3: Company Overview - Cineverse is an independent entertainment technology company that develops and invests in technology and content, with a focus on its Matchpoint® ecosystem powered by AI [1] - The company distributes over 71,000 premium films, series, and podcasts across various platforms and operates numerous digital properties [1]
Cineverse Announces Agreement to Acquire IndiCue, Inc.