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Buy (3.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 18, 9:58 PM
Slide #190. Chicken Soup for the Soul Entertainment, Inc. — Preferred Stock Offering
| Company: |
Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) |
| Date announced: |
6/27/2018 |
| Shares Offered: |
600,000 |
| Date of Pricing: |
6/27/2018 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
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 its Registration Statement on Form S-1 (SEC File No. 333-225603) was declared effective by the Securities and Exchange Commission. The closing of the offering of 600,000 shares of CSS Entertainment's Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") is expected to occur on or about June 29, 2018. Each share of Series A Preferred Stock will be sold at a public offering price of $25.00. The shares are expected to be traded on Nasdaq under the symbol "CSSEP." The shares will not be convertible into or exchangeable for any of the company's other securities. CSS Entertainment expects the offering will result in gross proceeds of approximately $15 million. The underwriters have been granted a 30-day option to purchase up to 90,000 additional shares of Series A Preferred Stock from the Company, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting discount. |
Chicken Soup for the Soul Entertainment is an advertising-supported video-on-demand (AVOD) company, with three AVOD streaming services: Redbox, Crackle and Chicken Soup for the Soul. Co. operates Redbox Free Live TV, a free ad-supported streaming television service with various channels as well as a transactional video-on-demand service. Screen Media Ventures, LLC, a subsidiary of Co., manages one of its owned television and film libraries consisting of various films and television episodes. Chicken Soup for the Soul Television Group houses Co.'s film and television production activities and produces or co-produces content for Crackle Plus as well as content for other third-party networks. Preferred: CSSEP
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| Name: |
Chicken Soup For The Soul Entertainment Inc |
| Website: |
www.cssentertainment.com |
| Sector: |
Entertainment |
| Number of ETFs Holding CSSE: |
3 (see which ones) |
| Total Market Value Held by ETFs: |
$25,540 |
| Total Market Capitalization: |
$5,000,000 |
| % of Market Cap. Held by ETFs: |
0.51% |
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