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

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will hold a conference call on August 13, 2020, at 4:30 p.m. ET to discuss its second-quarter financial results ending June 30, 2020. Interested participants should dial in 5 to 10 minutes before the call. The toll-free number is (833) 832-5128, and the international number is (484) 747-6583, using Conference ID 6999674. A live webcast will also be available on the company's investor relations website. The company focuses on streaming AVOD networks, including its majority stake in Crackle Plus.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the partial exercise of an over-allotment option by underwriters for its recent public offering of 9.50% Notes due 2025, securing an additional $1.1 million in principal. This raises net proceeds to $1,045,000 after expenses. The Notes are rated BBB and trade under the ticker symbol "CSSEN," with interest payments commencing on September 30, 2020. The company can redeem the Notes from July 31, 2022, at par plus accrued interest.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on August 17, 2020, to shareholders on record as of July 31, 2020. The company operates multiple ad-supported streaming video-on-demand networks and holds a significant stake in Crackle Plus, enhancing its content offerings. Investors are advised to consider potential risks associated with forward-looking statements.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) recently announced the closing of a public offering totaling $21 million in 9.5% Notes due 2025. The Notes, soon to trade on Nasdaq under the symbol CSSEN, will offer quarterly interest payments starting September 30, 2020. Proceeds will primarily be used to repay outstanding loans with Patriot Bank, enhancing the company's liquidity. The offering, managed by Ladenburg Thalmann & Co. and National Securities, is rated BBB by Egan-Jones Ratings Company, indicating a stable outlook.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that the film The Outpost remains the top movie in America for the second consecutive weekend. Released by Screen Media on July 3, it has topped various VOD platforms, including iTunes and GooglePlay, while receiving a 91% rating on Rotten Tomatoes. Directed by Rod Lurie, the film is based on the harrowing Battle of Kamdesh, showcasing a decorated U.S. unit. The film's success is attributed to its powerful storytelling and emotional connection with audiences.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced a public offering of $21 million in 9.5% Notes due 2025, with an additional $3.15 million option for underwriters. The offering will close around July 17, 2020, with trading expected on Nasdaq under the symbol 'CSSEN'. Interest payments begin September 30, 2020. Proceeds will be used to repay debts and for general corporate purposes. Notably, the Notes are rated BBB by Egan-Jones Ratings Company.

Chicken Soup for the Soul Entertainment (CSSE) announced that its film The Outpost achieved record success, hitting #1 on iTunes on its opening day, marking the largest opening day in the company's history. The military thriller, directed by Rod Lurie and featuring a star-studded cast, portrays a pivotal battle in the Afghan War. The film received a 90% critic rating on Rotten Tomatoes and is available for viewing on various platforms including Amazon and Google Play. The release coincided with the Fourth of July weekend, highlighting American heroism.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the renewal of its original series Going From Broke for a second season, following a successful first season with 16 million views. The show aims to help young Americans address $1.5 trillion in student loan debt, providing tangible solutions for financial success.

Consisting of ten 30-minute episodes, the new season will be hosted by Dan Rosensweig, CEO of Chegg. The company emphasizes its commitment to educate viewers about overcoming financial challenges in an uncertain economic climate.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced major distribution expansions for Crackle Plus, launching linear services alongside its VOD offerings. New distribution agreements have been made with Plex, Xfinity Flex, and FuboTV, with a goal of securing up to 10 partnerships this year. With 47% of U.S. consumers intending to add an AVOD service soon, the company seeks to attract an additional 33 million potential customers. Crackle now supports 25 devices and is accessible in approximately 500,000 hotel rooms.