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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Cineverse Corp. entered into Underwriting Agreement with The Benchmark Company, LLC valued at aggregate gross proceeds of approximately $3.0 million; net proceeds approximately $2.8 million (or (effective 2026-02-12).

Action: entry
Agreement: underwriting
Counterparty: The Benchmark Company, LLC
Value: aggregate gross proceeds of approximately $3.0 million; net proceeds approximately $2.8 million (or
Effective: 2026-02-12

Exact text from the filing

On February 12, 2026, Cineverse Corp. (the “Company”) agreed to sell in a public offering an aggregate of 1,500,000 shares (the “Shares”) of the Company’s Class A common stock (the “Common Stock”), at a purchase price of $2.00 per share, for aggregate gross proceeds of approximately $3.0 million, before deducting underwriting commissions and expenses payable by the Company (the “Offering”).

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Cineverse Corp. filing history →

Source: SEC EDGAR

accession 0001193125-26-052164

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