Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wed, April 24, 8:10 AM
This Slide: #194 of 620 |
Slide #194. Chicken Soup for the Soul Entertainment, Inc. — Preferred Stock Offering
Company:
Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE)
Date announced:
6/13/2018
Shares Offered:
1,000,000
Date of Pricing:
6/14/2018
Price Per Share:
$25.00
Preferred Stock Offering Details:
Chicken Soup for the Soul Entertainment, Inc. ("CSS Entertainment") (Nasdaq:CSSE), a growing media company building online video on-demand ("VOD") networks that provide positive and entertaining video content for all screens, today announced the launch of a public offering of 1,000,000 shares of its Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") at a public offering price of $25.00. The shares will not be convertible into or exchangeable for any of the company's other securities. The underwriters have been granted a 30-day option to purchase up to 150,000 additional shares of Series A Preferred Stock from the Company, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting discount.
Chicken Soup for the Soul Entertainment is an advertising-supported video-on-demand (AVOD) company, with three AVOD streaming services: Redbox, Crackle and Chicken Soup for the Soul. Co. operates Redbox Free Live TV, a free ad-supported streaming television service with various channels as well as a transactional video-on-demand service. Screen Media Ventures, LLC, a subsidiary of Co., manages one of its owned television and film libraries consisting of various films and television episodes. Chicken Soup for the Soul Television Group houses Co.'s film and television production activities and produces or co-produces content for Crackle Plus as well as content for other third-party networks.
Preferred: CSSEP
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Buy (3.00 out of 4) 36th percentile
(ranked lower than approx. 64% of all stocks covered)
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