Cineverse Corp. completed the acquisition of IndiCue, Inc. on February 13, 2026 for $22 million, consisting of $12.8 million cash and $9.2 million in Class A Common Stock, financed partly by $13 million in convertible notes issued to existing shareholders. The transaction adds a profitable CTV monetization platform expected to generate $38 million revenue and $9.6 million EBITDA in 2026, positioning Cineverse for $115-$120 million revenue and $10-$20 million Adjusted EBITDA in FY2027.
Key takeaways
Acquisition of all equity securities of IndiCue, Inc. closed February 13, 2026 for $22M total consideration ($12.8M cash + $9.2M CNVS stock).
$13M convertible notes issued February 12, 2026 at 9% interest, convertible at $2.00/share, maturing in 4 years.
IndiCue expected to generate $38M revenue and $9.6M EBITDA in CY2026 with 25% margins.