other material
confidence high
sentiment neutral
materiality 0.15
Cineverse registers shares for warrant exercise as stock exceeds $3.00 exercise price
Cineverse Corp.
- Registering 2,666,667 Common Warrants at $3.00/share via prospectus supplement dated Nov 22, 2024.
- Stock price $3.71 on Nov 21, 2024, above exercise price, triggering registration for cash exercise.
- Warrants expire five years from June 2023; no new offering, only upon holder exercise and cash payment.
- Legal opinion from Kelley Drye & Warren on share validity filed as Exhibit 5.1.