secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0000950170-23-028360
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023028360/0000950170-23-028360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023028360/cnvs-20230614.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-028360

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer