---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-029213"
form_type: "8-K"
ticker: "CNVS"
cik: "0001173204"
company_name: "Cineverse Corp."
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T19:44:30.801043+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cineverse CEO explains $8M equity raise to fund acquisitions, cites Terrifier 2 success

## Summary
- Closed public offering of 2,150,000 shares plus warrants for $8M gross proceeds on June 16, 2023.
- Terrifier 2 earned $15M+ at box office on $250K budget; tripled Screambox paid subs and drove IP perception.
- Pursuing five high-ROI IP deals including 'iconic nonfiction brand' and 'seminal horror library'; beat major studios.
- Stock buyback program remains in effect through Feb 2024; CEO calls equity 'undervalued' but prioritized M&A.
- Library value appraised above current market cap; further details on growth strategy set for June 29 earnings call.

## SEC filing metadata
- accession: 0000950170-23-029213
- form_type: 8-K
- ticker: CNVS
- cik: 0001173204
- company_name: Cineverse Corp.
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173204/000095017023029213/0000950170-23-029213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173204/000095017023029213/cnvs-20230616.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-029213
- JSON: https://secwatch.observer/filing/0000950170-23-029213.json
- Plain text: https://secwatch.observer/filing/0000950170-23-029213.txt

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