Cosmo DeNicola Companies News


Monday, July 19, 2021

Chicken Soup for the Soul Entertainment Announces Proposed Public Offering of Common Stock

COS COB, CT – Chicken Soup for the Soul Entertainment, Inc. (the “Company”, Nasdaq: CSSE), a leading operator of streaming advertising-supported video-on-demand (AVOD) networks, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All of the shares to be sold in the offering will be offered by the Company. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. In addition, the Company intends to grant the underwriters a thirty-day option to purchase up to an additional 15 percent of shares of its common stock offered in the public offering.

Guggenheim Securities and Needham & Company are acting as joint book-running managers for this offering.

The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 


 

 

 

 



  •  

Topics: Chicken Soup for the Soul Entertainment, Crackle Plus