Cineverse enters new ATM equity facility up to $15M with A.G.P./Alliance and Benchmark

Cineverse Corp.

Agents: A.G.P./Alliance Global Partners and The Benchmark Company LLC; replaces prior 2020 ATM with A.G.P. and B. Riley.
Commission of 3.0% of gross proceeds; offering via S-3 shelf declared effective Jan 25, 2024.
Company not obligated to sell; provides flexibility; aggregate offering price up to $15M.
Sales may be made via any method permitted as 'at the market' offering under Rule 415(a)(4).

Key facts

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 Sales Agreement with A.G.P./Alliance Global Partners and The Benchmark Company, LLC valued at aggregate offering price of up to $15 million (effective 2024-05-03).

Action: entry
Agreement: atm program
Counterparty: A.G.P./Alliance Global Partners and The Benchmark Company, LLC
Value: aggregate offering price of up to $15 million
Effective: 2024-05-03

Exact text from the filing

On May 3, 2024, Cineverse Corp. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with A.G.P./Alliance Global Partners and The Benchmark Company, LLC (collectively, the “Sales Agents”), pursuant to which the Company may offer and sell, from time to time, through the Sales Agents, shares of its Class A common stock, par value $0.001 per share (the “Common Stock”).

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Cineverse Corp. filing history →

Source: SEC EDGAR

accession 0000950170-24-053036

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