fuboTV Announces Closing of Public Offering
October 13 2020 - 3:30PM
Business Wire
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, today announced the closing of its previously
announced public offering of 18,300,000 shares of its common stock
at the public offering price of $10.00 per share pursuant to an
effective Registration Statement on Form S-1 filed with the U.S.
Securities and Exchange Commission (SEC). fuboTV received total
gross proceeds of $183 million, before deducting the underwriting
discounts and commissions and other offering expenses.
Evercore ISI acted as the lead book-running manager for the
offering. BMO Capital Markets Corp., Needham & Company and
Oppenheimer & Co. acted as additional joint bookrunners for the
offering. Roth Capital Partners and Wedbush Securities acted as
co-managers for the offering.
A registration statement relating to the securities has been
filed with, and declared effective by, the SEC. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, 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
the final prospectus relating to the offering may be obtained from:
Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East
52nd Street, 35th Floor, New York, New York 10055, or by telephone
at (888) 474-0200, or by email at ecm.prospectus@evercore.com.
About fuboTV
fuboTV (NYSE: FUBO) is the leading sports-first live TV
streaming platform offering subscribers access to tens of thousands
of live sporting events annually as well as leading news and
entertainment content. fuboTV’s base package, fubo Standard,
features a broad mix of 100+ channels, including 43 of the top 50
Nielsen-ranked networks across sports, news and entertainment
(Primetime A18-49).
Continually innovating to give subscribers a premium viewing
experience they can’t find with cable TV, fuboTV is regularly
first-to-market with new product features and was the first virtual
MVPD to stream in 4K.
fuboTV merged with FaceBank Group in April 2020 to create a
leading digital entertainment company, combining fuboTV’s
direct-to-consumer live TV streaming platform for cord-cutters with
FaceBank’s technology-driven IP in sports, movies and live
performances.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements are subject to numerous important factors,
risks and uncertainties that may cause actual events or results to
differ materially from current expectations and beliefs, including
but not limited to risks and uncertainties related to market
conditions and other risks and uncertainties related to the
offering, fuboTV and its business as set forth in fuboTV’s
registration statement on Form S-1 that was declared effective by
the SEC on October [7], 2020 and the final prospectus filed with
the SEC on October [8], 2020, as well as the other documents fuboTV
files from time to time with the SEC. These documents contain and
identify important factors that could cause the actual results for
fuboTV to differ materially from those contained in fuboTV’s
forward-looking statements. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and fuboTV specifically disclaims any obligation to update any
forward-looking statement, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201013006039/en/
Investor Contact: The Blueshirt Group for fuboTV ir@fubo.tv
Media Contacts: Jennifer L. Press, fuboTV jpress@fubo.tv
Katie Minogue, fuboTV kminogue@fubo.tv
fuboTV (NYSE:FUBO)
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