Cineverse Intends To Offer And Sell Shares Of Its Common Stock And Warrants In Public Offering; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cineverse plans to offer and sell shares of its common stock and warrants in a public offering. The company will use the net proceeds for working capital, general corporate purposes, and financing content acquisition and development.
June 13, 2023 | 8:18 pm
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NEUTRAL IMPACT
Cineverse's public offering of common stock and warrants may impact its stock price in the short term.
Cineverse's public offering of common stock and warrants may lead to fluctuations in its stock price due to the increased supply of shares. However, the proceeds will be used for working capital and content acquisition, which could benefit the company in the long run.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100