SC 13G: Cineverse Corp.
Ticker: CNVS · Form: SC 13G · Filed: Oct 11, 2024 · CIK: 1173204
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by Cineverse Corp..
Risk Assessment
Risk Level: low
Filing Stats: 2,271 words · 9 min read · ~8 pages · Grade level 7.6 · Accepted 2024-10-11 21:12:20
Key Financial Figures
- $0.001 — (Name of Issuer) Class A Common Stock, $0.001 Per Share (Title of Class of Securitie
Filing Documents
- cineverse13g-100824.htm (SC 13G) — 147KB
- 0001013594-24-000795.txt ( ) — 149KB
If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: Not Applicable.
Ownership
Item 4. Ownership. (a) Amount beneficially owned: Collectively, the Reporting Persons beneficially own 1,083,333 shares of Common Stock, including 83,333 shares of Common Stock underlying currently exercisable warrants. Corsair Capital individually owns 912,050 shares of Common Stock, including 69,193 shares of the Common Stock underlying currently exercisable warrants. Corsair 100 individually owns 131,338 shares of Common Stock, including 10,045 shares of the Common Stock underlying currently exercisable warrants. Corsair Investors individually owns 39,945 shares of Common Stock, including 4,095 shares of the Common Stock underlying currently exercisable warrants. Corsair Management, as the investment manager of each of Corsair Capital, Corsair 100, and Corsair Investors is deemed to beneficially own 1,083,333 shares of Common Stock. Mr. Petschek, as a controlling person of Corsair Management, is deemed to individually beneficially own 1,083,333 shares of Common Stock. Mr. Major, as a controlling person of Corsair Management, is deemed to individually beneficially own 1,083,333 shares of Common Stock. (b) Percent of class: Collectively, the Reporting Persons beneficially own 1,083,333 shares of Common Stock representing 6.9% of all the outstanding shares of Common Stock based on the 15,706,341 outstanding shares of Common Stock as of August 7, 2024, as reported on the Issuer's Form 10-Q filed August 14, 2024, plus, with respect to each Reporting Person, the number of shares of Common Stock underlying currently exercisable warrants held by such Reporting Person as indicated in Item 4(a) above. The total number of shares of Common Stock underlying currently exercisable warrants held by the Reporting Persons in aggregate is 83,333. Corsair Capital's individual ownership of 912,050 shares of Common Stock, including 69,193 shares of Common Stock underlying currently exercisable warrants, represents 5.8% of all the outstanding shares of Common Stock. Corsair
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not Applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. See Exhibit B.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable.
Certification
Item 10. Certification. By signing below the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: October 11, 2024 CORSAIR CAPITAL PARTNERS, L.P. By: Corsair Capital Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member CORSAIR CAPITAL PARTNERS 100, L.P. By: Corsair Capital Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member CORSAIR CAPITAL INVESTORS, LTD. By: Corsair Capital Management, L.P., Attorney-in-Fact By: Corsair Capital Management GP, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member CORSAIR CAPITAL MANAGEMENT, LP. By: Corsair Capital Management GP, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member /s/ Jay R. Petschek Jay R. Petschek /s/ Steven Major Steven Major EXHIBIT A JOINT FILING AGREEMENT The Undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Cineverse Corp., dated as of this October 11, 2024 is, and any further amendments thereto signed by each of the undersigned shall be, filled on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1 k) under the Securities Exchange Act of 1934, as Amended. Dated: October 11, 2024 CORSAIR CAPITAL PARTNERS, L.P. By: Corsair Capital Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member C