Core Viewpoint - Cineverse Corp. has announced a public offering of 1,500,000 shares of its Class A common stock at a price of $2.00 per share, aiming to raise approximately $3.0 million in gross proceeds before expenses [1]. Group 1: Offering Details - The public offering price is set at $2.00 per share, with a total of 1,500,000 shares being offered [1]. - Cineverse has granted the underwriter a 30-day option to purchase an additional 225,000 shares at the same public offering price [1]. - The offering is expected to close on February 17, 2026, pending customary closing conditions [1]. Group 2: Company Background - Cineverse is described as an innovative and independent entertainment technology company and studio, focusing on developing and investing in technology and content for the industry [1]. - The company operates Matchpoint®, a tech ecosystem powered by AI, designed to enhance content preparation, distribution, monetization, and performance across various platforms [1]. - Cineverse distributes over 71,000 premium films, series, and podcasts, and collaborates with leading brands to connect with valued audiences [1].
Cineverse Announces Pricing of $3.0 Million Public Offering of Class A Common Stock