Cineverse prices $3.0M public offering at $2.00/share; CEO and management participate

Cineverse Corp.

Offering of 1,500,000 shares at $2.00 each; gross proceeds ~$3.0M; net proceeds ~$2.8M after underwriting discount.
Underwriter exercised 225,000-share over-allotment option in full on Feb 13, 2026, adding up to $0.45M gross.
Proceeds to be used for working capital, content acquisition and development.
Chairman/CEO Chris McGurk and other management members participated in the offering.
Closing expected on or about February 17, 2026, subject to customary conditions.

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