5&2 Studios enters $24.7M advance agreement to fund fractional shares in proposed reverse stock split

5&2 Studios, Inc.

Advance from Come and See Foundation up to ~$24.7M to pay cash in lieu of fractional shares from 1-for-173,750 reverse stock split.
Interest rate ~7.25% p.a., increasing to 9.25% if Asset Purchase Agreement conditions not met by July 31, 2027.
Advance secured by Company's rights to certain programming, including 'The Chosen'.
Advance plus interest offset against Season 7 payments from CAS; any shortfall to be repaid by Company on demand.
Funding conditional on reverse stock split approval by majority of unaffiliated shareholders.

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

5&2 Studios, Inc. entered into Vendor Advance Agreement with Come and See Foundation, Inc. ("CAS") valued at up to approximately $24.7 million (effective 2026-03-02).

Action: entry
Agreement: credit facility
Counterparty: Come and See Foundation, Inc. ("CAS")
Value: up to approximately $24.7 million
Effective: 2026-03-02

Exact text from the filing

the Company entered into a Vendor Advance Agreement (the “Vendor Advance Agreement”) with Come and See Foundation, Inc. (“CAS”) on March 2, 2026

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Source: SEC EDGAR

accession 0001104659-26-024668

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