{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-048897","form_type":"8-K","ticker":"CNVS","cik":"0001173204","company_name":"Cineverse Corp.","filed_at":"2026-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.638996+00:00","generated_at":"2026-05-16T02:55:40.312455+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cineverse buys IndiCue for $22M, raises $13M notes, prelim Q3 rev $15-17M","bullets":["Acquires IndiCue ($22M: $12.8M cash at close, $9.2M cash/stock year one); CTV ad platform.","Issues $13M convertible notes (9% interest, 4-year term) to fund acquisition and working capital.","Preliminary Q3 FY2026 revenue $15-17M, net loss $(0.5)-(1.0)M, Adj. EBITDA $2-3M.","Earnout possible based on IndiCue revenue growth and gross margin targets.","IndiCue FY2024 revenue $10.2M, net income $1.8M; acquisition close expected Feb 13, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-048897","json":"https://secwatch.observer/filing/0001193125-26-048897.json","markdown":"https://secwatch.observer/filing/0001193125-26-048897.md","text":"https://secwatch.observer/filing/0001193125-26-048897.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1173204/000119312526048897/0001193125-26-048897-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1173204/000119312526048897/d38594d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:55:40.312455+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"059a089064224ee3a73664af87ac9314abc47786","claim":"Cineverse Corp. entered into Stock Purchase Agreement with John Marchesini, Nicholas Frazee, Michael Wanetik, Iurii Gorokhov, Kyrylo Shkodkin and Adtelligent Holdings Limited valued at $22,000,000 (effective 2026-02-12).","evidence_excerpt":"On February 12, 2026, Cineverse Corp, (the “Company”) entered into a Stock Purchase Agreement (the “Agreement”) with John Marchesini, Nicholas Frazee, Michael Wanetik, Iurii Gorokhov, Kyrylo Shkodkin and Adtelligent Holdings Limited (collectively, the “Sellers”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1173204/000119312526048897/0001193125-26-048897-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"John Marchesini, Nicholas Frazee, Michael Wanetik, Iurii Gorokhov, Kyrylo Shkodkin and Adtelligent Holdings Limited"},{"label":"Value","value":"$22,000,000"},{"label":"Effective","value":"2026-02-12"}],"fact_type":"material_agreement"},{"claim_id":"eaeb6682795788a3a13a7222278a08c6d2862f09","claim":"Cineverse Corp. entered into Purchase Agreement with certain lenders valued at $13,000,000 (effective 2026-02-12).","evidence_excerpt":"On February 12, 2026, the Company entered into note purchase agreements (each, a “Purchase Agreement”) with certain lenders (individually, an “Investor” and collectively, the “Investors”), pursuant to which the Company agreed to issue and sell to the Investors convertible notes in the aggregate principal amount of $13,000,000 (each, a “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1173204/000119312526048897/0001193125-26-048897-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain lenders"},{"label":"Value","value":"$13,000,000"},{"label":"Effective","value":"2026-02-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}