Cineverse to exchange 3.118 Series A Preferred shares for up to 1.5M common shares in five tranches

Cineverse Corp.

Exchange of 3.118 preferred shares for common shares in five equal tranches beginning May 1, 2026.
Common shares issued per tranche = $311,800 divided by 5-day VWAP, up to 1.5M shares total.
Preferred shares cancelled upon conversion; common shares unrestricted based on tacked holding period.
Holder restricted from selling more than 5% of 5-day average daily volume per trading day.
Issuance exempt under Section 3(a)(9) of Securities Act; no additional cash consideration.

item 1.01 item 3.02 item 9.01

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

Cineverse Corp. entered into Exchange Agreement with OCI-Cinedigm, LLC (effective 2026-04-27).

Action: entry
Agreement: equity purchase
Counterparty: OCI-Cinedigm, LLC
Effective: 2026-04-27

Exact text from the filing

On April 27, 2026, Cineverse Corp. (the “Company”) entered into an exchange agreement (the “Exchange Agreement”) with OCI-Cinedigm, LLC, a holder of shares of the Company’s Series A Preferred (the “Preferred Stock”).

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Cineverse Corp. filing history →

Source: SEC EDGAR

accession 0001193125-26-201677

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