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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.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) will participate in the Citi 2021 Global TMT West Virtual Conference from January 5-7, 2021. The company will hold virtual one-on-one and small group meetings, alongside a fireside chat on January 5 at 1:00 p.m. ET. A live webcast and replay of the chat will be accessible via the company’s investor relations website. Chicken Soup for the Soul Entertainment operates various AVOD networks, including Crackle and Popcornflix, and distributes video content through its Screen Media subsidiary.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) has successfully closed its public offering of $9,387,750 principal amount of 9.5% Notes due 2025, trading under the symbol 'CSSEN'. Net proceeds after underwriting fees are estimated at $8,576,496, intended for specified uses detailed in the prospectus. Interest will be paid quarterly starting March 31, 2021. The Company reserves the right to redeem these Notes from July 31, 2022, at par plus accrued interest. This offering was managed by Ladenburg Thalmann & Co. Inc.
Chicken Soup for the Soul Entertainment has announced a public offering of $9,387,750 in 9.5% Notes due 2025 (Nasdaq: CSSEN), with an additional option for underwriters to purchase $1,408,150 in overallotments. The offering, expected to close by December 22, 2020, is a follow-on to a previous issuance in July 2020. Net proceeds are estimated at $8,576,496 and will be utilized as detailed in the final prospectus. Interest payments are quarterly, starting March 31, 2021, and the Company can redeem the Notes after July 31, 2022.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has declared a monthly dividend of $0.2031 per share for its Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend, yielding 9.75%, will be payable on January 15, 2021, to shareholders of record as of December 31, 2020. The payment will be made in cash, reflecting the company's ongoing commitment to providing returns to its investors.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of North American rights to HBO’s documentary Street Gang: How We Got to Sesame Street. The film, directed by Marilyn Agrelo, will premiere at the 2021 Sundance Film Festival and explores the impactful origins of the beloved children’s show.
Scheduled for release in Spring 2021, the documentary features interviews with original cast and crew and aims to share the show's significant contributions to education and representation.
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