Cineverse Corp. Signs Material Definitive Agreement
Ticker: CNVS · Form: 8-K · Filed: Aug 15, 2024 · CIK: 1173204
Sentiment: neutral
Topics: material-agreement, contract
Related Tickers: CNVS
TL;DR
Cineverse Corp. just signed a big deal, details TBD.
AI Summary
On August 9, 2024, Cineverse Corp. entered into a material definitive agreement. The filing does not disclose the specific details of this agreement, such as the counterparty or financial terms, but it is classified under "Entry into a Material Definitive Agreement."
Why It Matters
This filing indicates a significant new contract or partnership for Cineverse Corp., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing about the material definitive agreement introduces uncertainty regarding its nature and potential impact.
Key Players & Entities
- Cineverse Corp. (company) — Registrant
- August 9, 2024 (date) — Date of earliest event reported
- 20240809 (date) — Conformed period of report
- 212-206-8600 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement Cineverse Corp. entered into?
The filing states that Cineverse Corp. entered into a material definitive agreement on August 9, 2024, but does not provide specific details about the agreement itself.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the other party involved in the material definitive agreement.
What is the effective date of this material definitive agreement?
The earliest event reported, which is the entry into the material definitive agreement, occurred on August 9, 2024.
Are there any financial terms disclosed for this agreement?
No specific financial terms or dollar amounts related to the material definitive agreement are disclosed in this filing.
What is the significance of filing an 8-K for this event?
An 8-K filing is required for material definitive agreements to inform the public about significant corporate events that could affect a company's financial condition or operations.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-08-15 16:30:09
Filing Documents
- cnvs-20240809.htm (8-K) — 41KB
- 0000950170-24-097620.txt ( ) — 156KB
- cnvs-20240809.xsd (EX-101.SCH) — 27KB
- cnvs-20240809_htm.xml (XML) — 5KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 9, 2024, Cineverse Corp. (the "Company") entered into an amendment (the "EWB Amendment") to its Amended and Restated Loan, Guaranty and Security Agreement among the Company, East West Bank ("EWB") and the Guarantors named therein, which are certain subsidiaries of the Company (the "Loan Agreement"). The Amendment extended the maturity date of the Loan Agreement to September 15, 2025 and adjusted certain definitions and covenants contained therein. The foregoing description of the EWB Amendment is qualified in its entirety by reference to such document, which will be filed in accordance with SEC rules and regulations. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CINEVERSE CORP. Dated: August 15, 2024 By: /s/ Gary S. Loffredo Gary S. Loffredo Chief Legal Officer, Secretary and Senior Advisor