COS COB, Conn., Dec. 22, 2020 (GLOBE NEWSWIRE) – Chicken soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”), one of the largest advertising-supported video streaming operators. -Demand Networks (AVOD), today announced that it would close its subscription public offering of a total principal amount of $ 9,387,750 a premium of 9.5% Notes payable 2025 (“Notes”). The Notes trade on Nasdaq under the symbol “CSSEN”. The Notes are not transferable to or exchangeable for any of the Company’s other securities.
Interest payments will be made quarterly in arrears on March 31, June 30, September 30, and December 31 each year, beginning March 31, 2021. The Company may repurchase the Notes, in full or in part, at any time on or after July. 31, 2022 or changed control at the revaluation price of par plus accrued interest.
Net profits for the Company, after discounting discounts and expenses, but excluding any exercise of the subscriber’s discretion, are estimated at $ 8,576,496 and will be applied as described in the preceding -final view.
Ladenburg Thalmann & Co. Inc. as one book manager offered.
A registration statement on form S-1 (SEC file No. 333-251202) (“Registration Statement”) relating to the Notes has been registered with the U.S. Securities and Exchange Commission (“SEC”) and is effective and available on the SEC website at www.sec.gov. Copies of the final preview are available electronically from the Securities and Exchange Commission at www.sec.gov or from any of the subscribers, including offices:
Ladenburg Thalmann & Co.
Attn: Syndicate Department
277 Park Avenue, 26th floor
New York, NY 10172
212-409-2000
Email: [email protected]
This press release shall not constitute an offer to sell or bid for offer to purchase, and no sale of such securities shall be made in any state or jurisdiction in which such offer, bid or sale would be made. illegal before registration or the certificate under the laws of state securities or such jurisdiction.
ABOUT CHILDCARE FOR THE WIDER WORLD
Chicken Soup is for Soul Entertainment, Inc. (Nasdaq: CSSE) operates video-on-demand (VOD) networks. The company owns and owns Crackle Plus, which operates on several supported and membership-based VOD networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The company also acquires and distributes video content through its Screen Media subsidiary and makes long and short original content through Landmark Studio Group, its Chicken Soup for the Soul Originals division and APlus.com. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the acclaimed book series and makes excellent pet food under the Chicken Soup for the Soul brand name.
STATEMENTS REQUIRED
This press release contains forward-looking statements that include risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks (including those set out in the Company’s Annual Report on Form 10-K for the year to December 31, 2019 and quarterly report on Form 10-Q for the nine-month period ended September 30, 2020) and uncertainty that actual results may differ from the forward-looking statements. The Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements shown herein to reflect any change in the Company’s expectations of that or any change in events, conditions or circumstances on which any statement is based. Investors should understand that if our underlying assumptions for the projections set out here are erroneous or if there are known or unknown risks or uncertainties, actual returns could materially vary from what was our expectations and projections.
CASH RISKS
Taylor Krafchik
Ellipsis
[email protected]
(646) 776-0886
PRESS INFORMATION
Ceit Barrette
RooneyPartners LLC
[email protected]
(212) 223-0561