Chicken Soup for the Soul Entertainment Announces Partial Exercise of Underwriters' Option to Purchase Additional Shares of S...
July 10 2018 - 8:31PM
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 that the
underwriters of its recent public offering have partially exercised
their over-allotment option by purchasing an additional 46,497
Series A Cumulative Redeemable Perpetual Preferred Stock at a price
of US $25 per share
, for additional gross proceeds
to Chicken Soup for the Soul Entertainment of US $1,162,425.
Closing of the partial exercise of the over-allotment option was
completed today.
Ladenburg Thalmann & Co. Inc., a subsidiary
of Ladenburg Thalmann Financial Services (NYSE American:LTS), acted
as sole book-running manager of the offering. The Benchmark Company
and Northland Capital Markets acted as co-managers.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
The offering was made only by means of a
prospectus, copies of which may be obtained from any of the
underwriters, including the offices of:
Ladenburg Thalmann & Co. Attn: Syndicate Department 277 Park
Avenue, 26th Floor New York, NY 10172212-409-2000
Email: prospectus@ladenburg.com
The Benchmark Company, LLCAttn: Prospectus Department150 E 58th
Street, 17th floor New York, NY 10155 212-312-6700Email:
prospectus@benchmarkcompany.com
Northland Capital MarketsAttn: Heidi Fletcher 150 South Fifth
Street, Suite 3300 Minneapolis, MN 55402800-851-2920 Email:
hfletcher@northlandcapitalmarkets.com
ABOUT CHICKEN SOUP FOR THE SOUL
ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. is
a growing media company with online video on-demand (“VOD”)
networks that provide positive and entertaining video content for
all screens. The company also curates, produces and distributes
long- and short-form video content that brings out the best of the
human spirit, and distributes the online content of its affiliate,
A Plus. The company’s subsidiary, Screen Media, is a leading global
independent television and film distribution company that owns one
of the largest independently owned television and film libraries.
The company also owns Popcornflix®, a popular online
advertiser-supported VOD (“AVOD”) network, and four additional AVOD
networks that collectively have rights to exhibit thousands of
movies and television episodes. Chicken Soup for the Soul
Entertainment is a subsidiary of Chicken Soup for the Soul,
LLC.
FORWARD-LOOKING STATEMENTS
This press release includes forward-looking
statements that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks (including those
set forth in the offering circular) and uncertainties which could
cause actual results to differ from the forward-looking statements.
The company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Investors should realize that if our underlying assumptions for the
projections contained herein prove inaccurate or that known or
unknown risks or uncertainties materialize, actual results could
vary materially from our expectations and projections.
INVESTOR RELATIONS James CarbonaraHayden
IRjames@haydenir.com (646) 755-7412
MEDIA CONTACT Kate Barrette RooneyPartners LLC
kbarrette@rooneyco.com (212) 223-0561
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