---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-056705"
form_type: "8-K"
ticker: null
cik: "0001679063"
company_name: "Chicken Soup for the Soul Entertainment, Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:12:23.656420+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chicken Soup for the Soul enters forbearance agreement; seeks $175M working capital to avoid default

## Summary
- Company in default on $500.9M credit facility; forbearance until June 6, 2024, extendable to Sept 30 if $75M paydown made.
- Must raise $175M by June 6 via sublicensing video content and sale-leaseback transactions.
- Board expanded from 9 to 11; John T. Young Jr. and Robert H. Warshauer appointed as independent directors effective May 3, 2024.
- Specified defaults include missed interest payments (Feb 15, Mar 20, 2024) and going concern qualification in audited financials.
- If fundraising fails, company may seek bankruptcy protection.

## SEC filing metadata
- accession: 0001104659-24-056705
- form_type: 8-K
- cik: 0001679063
- company_name: Chicken Soup for the Soul Entertainment, Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679063/000110465924056705/0001104659-24-056705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679063/000110465924056705/tm2413244d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-056705
- JSON: https://secwatch.observer/filing/0001104659-24-056705.json
- Plain text: https://secwatch.observer/filing/0001104659-24-056705.txt

## Key facts
- Executive change
  Robert H. Warshauer was appointed as Director at Chicken Soup for the Soul Entertainment, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed each of John T. Young, Jr., and Robert H. Warshauer to the Company’s board of directors, effective as of May 3, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679063/000110465924056705/0001104659-24-056705-index.htm
- Executive change
  John T. Young, Jr. was appointed as Director at Chicken Soup for the Soul Entertainment, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed each of John T. Young, Jr., and Robert H. Warshauer to the Company’s board of directors, effective as of May 3, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679063/000110465924056705/0001104659-24-056705-index.htm

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