Cineverse Announces Proposed Public Offering
Summary
LOS ANGELES, June 13, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the worlds largest portfolios of streaming channels and streaming content libraries, today announced that it intends to offer and sell shares of its common stock and warrants in a public offering. Cineverse currently features enthusiast brands for subscription video on demand (SVOD), advertising-based video on demand (AVOD) and free, ad-supported streaming television (FAST) channels. Cineverse entertains consumers around the globe by providing premium feature film and television series, enthusiast streaming channels and technology services to some of the worlds largest media, retail and technology companies. Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates, "intends, "plans, "could," "might," "believes, "seeks," "estimates or similar expressions. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties, and assumptions about Cineverse, its technology, economic and market factors, and the industries in which Cineverse does business, among other things.