secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001193125-26-201677
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000119312526201677/0001193125-26-201677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000119312526201677/cnvs-20260427.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-201677

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