Cineverse Corp. Files 8-K Report
Ticker: CNVS · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1173204
Sentiment: neutral
Topics: sec-filing, 8-k, financials
Related Tickers: CNVS
TL;DR
Cineverse (CNVS) filed an 8-K, mostly procedural stuff, no major news.
AI Summary
On November 22, 2024, Cineverse Corp. filed an 8-K report. The filing primarily concerns other events and financial statements/exhibits, with no specific material events detailed in the provided text. The company, formerly known as Cinedigm Corp., is incorporated in Delaware and headquartered in New York.
Why It Matters
This 8-K filing indicates that Cineverse Corp. is providing updates or submitting required financial documentation to the SEC, which is standard for publicly traded companies.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report for 'Other Events' and financial exhibits, not indicating any immediate material risks or changes.
Key Numbers
- 0000950170-24-130297 — Accession Number (Unique identifier for the filing)
- 0001173204 — Central Index Key (Unique identifier for the filer)
Key Players & Entities
- Cineverse Corp. (company) — Registrant
- Cinedigm Corp. (company) — Former company name
- Access Integrated Technologies, Inc. (company) — Former company name
- November 22, 2024 (date) — Filing date and earliest event date
- 212-206-8600 (phone_number) — Registrant's telephone number
- 001-31810 (sec_file_number) — SEC File Number
FAQ
What is the primary purpose of this 8-K filing for Cineverse Corp.?
The filing is primarily for 'Other Events' and 'Financial Statements and Exhibits', indicating routine updates or submissions to the SEC.
When was the earliest event reported in this filing?
The earliest event reported is November 22, 2024.
What was Cineverse Corp. formerly known as?
Cineverse Corp. was formerly known as Cinedigm Corp., Cinedigm Digital Cinema Corp., and Access Integrated Technologies, Inc. d/b/a Cinedigm Digital Cinema Corp.
Where is Cineverse Corp.'s principal executive office located?
The principal executive offices are located at 224 W. 35th Street, Suite 500, #947, New York, NY 10001.
What is the SEC file number for Cineverse Corp.?
The SEC file number for Cineverse Corp. is 001-31810.
Filing Stats: 785 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2024-11-22 17:25:05
Key Financial Figures
- $0.001 — red Class A Common Stock, Par Value $0.001 Per Share CNVS The Nasdaq Capital M
- $3.00 — to the Company of the exercise price of $3.00 per share. On November 21, 2024, the la
- $3.71 — price of the Common Stock on Nasdaq was $3.71 per share. Subject to certain benefic
Filing Documents
- cnvs-20241122.htm (8-K) — 49KB
- cnvs-ex5_1.htm (EX-5.1) — 16KB
- 0000950170-24-130297.txt ( ) — 183KB
- cnvs-20241122.xsd (EX-101.SCH) — 26KB
- cnvs-20241122_htm.xml (XML) — 5KB
01
Item 8.01 Other Events. As previously disclosed, on June 16, 2023, Cineverse Corp. (the "Company") sold certain securities, including warrants (the "Common Warrants") to purchase up to 2,666,667 shares of its Class A common stock, par value $0.001 per share (the "Common Stock"), in an offering registered on a registration statement that has since expired. All of the 2,666,667 Common Warrants remain outstanding. The sale of the shares of Common Stock issuable upon exercise of the Common Warrants is being registered pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-273098) by filing a prospectus supplement dated November 22, 2024, to replace the expired registration statement. The Company is filing the prospectus supplement to register the issuance of the Warrant Shares in accordance with the terms of the Securities Purchase Agreement pursuant to which the Common Warrants were sold and because the current trading price of the Common Stock is in excess of the exercise price of the Common Warrants. This is not a new offering by the Company and the shares will only be issued pursuant to the prospectus supplement if and when a warrant holder exercises Common Warrants and makes cash payment to the Company of the exercise price of $3.00 per share. On November 21, 2024, the last reported sale price of the Common Stock on Nasdaq was $3.71 per share. The opinion of Kelley Drye & Warren LLP regarding the validity of the shares of Common Stock issuable upon exercise of the Common Warrants is attached hereto as
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 4.1 Form of Common Warrant (incorporated by reference to Ex. 4.2 of the Company's Current Report on Form 8-K filed on June 15, 2023, File No. 001-31810). 5.1 Opinion of Kelley Drye & Warren LLP. 23.1 Consent of Kelley Drye & Warren LLP (included in Exhibit 5.1 hereto). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of Section 13 or 15 (d) 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. Dated: November 22, 2024 By: /s/ Gary S. Loffredo Name: Gary S. Loffredo Title: Chief Legal Officer, Secretary and Senior Advisor