CNVS · Cineverse Corp.

Summary

Cineverse Corp. entered into an Underwriting Agreement dated February 12, 2026, to sell 1,500,000 shares of Class A common stock at $2.00 per share in a public offering, with gross proceeds of $3.0 million. The underwriter exercised its option for an additional 225,000 shares in full on February 13, 2026, with closing expected on February 17, 2026.

Key takeaways

• Underwriting Agreement with The Benchmark Company, LLC dated February 12, 2026
• 1,500,000 Underwritten Shares at public price $2.00 per share, underwriter purchase price $1.8803 per share
• 225,000 Option Shares fully exercised by underwriter on February 13, 2026
• Gross proceeds approximately $3.0 million before commissions and expenses
• Net proceeds approximately $2.8 million (or $3.2 million with option), for working capital, general corporate purposes, content acquisition and development
• Closing expected on or about February 17, 2026, subject to customary conditions