Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cineverse Corp. entered into Securities Purchase Agreement with certain accredited investors valued at approximately $8.0 million (effective 2023-06-14).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain accredited investors
- Value
- approximately $8.0 million
- Effective
- 2023-06-14
Exact text from the filing
On June 14, 2023, Cineverse Corp. (the “Company”) agreed to sell in a public offering an aggregate of 2,150,000 shares (the “Shares”) of the Company’s Class A common stock (the “Common Stock”), pre-funded warrants to purchase up to 516,667 shares of Common Stock (the “Pre-Funded Warrants”), and common warrants to purchase up to 2,666,667 shares of Common Stock (the “Common Warrants” together with the Shares, the Pre-Funded Warrants and Common Stock issuable upon exercise of the Common Warrants and the Pre-Funded Warrants, collectively, the “Securities”), at an effective combined purchase price of $3.00 per share and related Common Warrant (the “Purchase Price”), for aggregate gross proceeds of approximately $8.0 million, before deducting placement agents fees and offering expenses payable by the Company (the “Offering”). The Securities were sold pursuant to a Securities Purchase Agreement (the “Securities Purchase Agreement”) with each purchaser identified on the signature pages theret
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