---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-028360"
form_type: "8-K"
ticker: "CNVS"
cik: "0001173204"
company_name: "Cineverse Corp."
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-13T23:45:42.506278+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cineverse prices $8M public offering of common stock and warrants at $3.00/unit

## Summary
- Gross proceeds of ~$8M from sale of 2,666,667 units at $3.00/unit, each consisting of one share (or pre-funded warrant) and one common warrant.
- Net proceeds of ~$7.6M after fees; expected closing on June 16, 2023, subject to customary conditions.
- Proceeds to be used for working capital, content acquisition, and general corporate purposes.
- Common warrants exercisable at $3.00/share, immediately exercisable, expire in five years.
- A.G.P./Alliance Global Partners and Titan Partners Group acting as co-placement agents.

## SEC filing metadata
- accession: 0000950170-23-028360
- form_type: 8-K
- ticker: CNVS
- cik: 0001173204
- company_name: Cineverse Corp.
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173204/000095017023028360/0000950170-23-028360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173204/000095017023028360/cnvs-20230614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-028360
- JSON: https://secwatch.observer/filing/0000950170-23-028360.json
- Plain text: https://secwatch.observer/filing/0000950170-23-028360.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017023028360/0000950170-23-028360-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.