Chicken Soup for the Soul Entertainment, Inc. - CSSE STOCK NEWS

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced its February content lineup for Crackle, including popular titles such as Flavor of Love and War of the Worlds. The network expands its offerings with new original programs like Bucket List and Sew the Winter to My Skin. Additionally, themed channels such as Football Channel, Black Entertainment Channel, and others feature films to celebrate various events. Crackle is accessible across multiple platforms, including major streaming devices, and in 500,000 Marriott hotel rooms.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced its Screen Media subsidiary's acquisition of worldwide distribution rights for the comedy Senior Moment. The film, starring William Shatner and Jean Smart, is set for a March release in theaters and on demand. Directed by Giorgio Serafini, the movie tells the story of Victor Martin, a retired NASA test pilot navigating love and life after losing his driver's license. The deal was negotiated by Seth Needle for Screen Media and Endeavor Content on behalf of Goff Productions.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has successfully closed a private placement of $22.5 million, selling 1,022,727 shares of common stock at a price of $22.00 per share. The transaction involved institutional and accredited investors. The company plans to file a registration statement with the SEC to facilitate the resale of these shares. Craig-Hallum Capital Group LLC acted as the exclusive placement agent, and the securities sold have not been registered under the Securities Act.

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEN) announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be payable on February 15, 2021 to shareholders on record as of January 31, 2021. This reflects the company's ongoing commitment to returning value to its investors while operating its streaming video-on-demand networks, including Crackle Plus and Screen Media.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a private placement of $22.5 million, selling 1,022,727 shares of common stock at $22.00 per share. The company will file a registration statement with the SEC for the resale of these shares. The closing of the Private Placement is expected around January 20, 2020, pending customary conditions. Craig-Hallum Capital Group LLC is acting as the exclusive placement agent. The securities are not registered under the Securities Act of 1933 and cannot be sold in the U.S. without registration or an exemption.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) is set to premiere its original series Inside the Black Box on Juneteenth 2021. The show, developed by Tracey Moore and Joe Morton, focuses on the BIPOC experience in the entertainment industry. Each episode features in-depth discussions with notable artists such as Debbie Allen and Shonda Rhimes, aiming to provide insights into their journeys. This interactive series will also engage audiences through mobile participation, allowing script readings and Q&As. Production is expected to begin in late Q1 2021.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced participation in the 23rd Annual Needham Virtual Growth Conference from January 12-15, 2021. Management will hold virtual one-on-one meetings and conduct a fireside chat on January 12 at 10:00 a.m. ET. A live webcast and replay of this event will be accessible on their investor relations website. The company operates various ad-supported streaming networks, including Crackle Plus, and continues to expand its content distribution and production capabilities.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the partial exercise of the over-allotment option for its recent public offering of 9.50% Notes due 2025, totaling an additional $1,408,150 in principal. This brings net proceeds to $1,305,988 after deductions. Interest will be paid quarterly starting March 31, 2021. The offering was managed by Ladenburg Thalmann & Co. Inc. The company, operating multiple AVOD networks, aims to utilize the proceeds as specified in the final prospectus.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has unveiled its January content lineup for Crackle, featuring new original series and channels. Highlights include the original series Insomnia premiering on January 1, alongside exclusive titles such as Black Water: Abyss on January 21. The lineup also introduces new channels including Intense Competition and Fantasy, which will showcase various genres. Crackle is accessible on numerous devices and is available in about 500,000 hotel rooms in the Marriott Bonvoy chain.