Cinedigm authorizes 10M share buyback, acquires Dove.org and Christian Cinema

Cineverse Corp.

Board approved repurchase of up to 10M Class A shares; program effective immediately, expires March 1, 2024.
Acquired faith & family properties Dove.org and Christian Cinema from the Giving Company; Dove Channel is fast-growing.
CEO Chris McGurk personally owns >2M shares; targets $150M annual revenue within 2-4 years and profitability by fiscal year-end.
Company plans to rebrand to reflect transformation to streaming content and technology company.
Matchpoint platform processed 9,000 titles (50,000 assets) in January 2023 via 100% machine-based automation.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cineverse Corp.: Amended and restated bylaws to conform to DGCL and make clarifying changes, including remote meetings, quorum reduction, advance notice provisions, and exclusive forum selection (effective 2023-02-28).

Change: bylaw amendment
Effective: 2023-02-28

Exact text from the filing

On February 28, 2023, the Board of Directors (the “Board”) of Cinedigm Corp. (the “Company”) approved and adopted amendments to the Company’s Bylaws (the “Bylaws”). The amendments to the Bylaws, which are a result of a periodic review of the Bylaws, include changes to conform to recent amendments to the General Corporation Law of the State of Delaware (the “DGCL”), to conform various provisions of the Bylaws to the DGCL, the provisions of the Certificate of Incorporation and to other provisions of the Bylaws and to make other general clean-up and clarifying changes.

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89 governance changes filed in the last 30 days. Browse all governance changes →

Cineverse Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-005881

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