COS COB, Conn., Dec. 22, 2020 (GLOBE NEWSWIRE) — Rooster Soup for the Soul Leisure Inc. (Nasdaq: CSSE) (the “Firm”), one of many largest operators of streaming advertising-supported video-on-demand (AVOD) networks, at the moment introduced the closing of its underwritten public providing of an combination principal quantity of $9,387,750 principal quantity of 9.5% Notes due 2025 (“Notes”). The Notes commerce on Nasdaq below the image “CSSEN”. The Notes is not going to be convertible into or exchangeable for any of the Firm’s different securities.
Curiosity funds will likely be made quarterly in arrears on March 31, June 30, September 30, and December 31 every year, starting March 31, 2021. The Firm could redeem the Notes, in entire or partially, at any time on or after July 31, 2022 or upon a change of management on the redemption value of par plus accrued curiosity.
Web proceeds to the Firm, after underwriting reductions and bills, however with out giving impact to any train of the underwriter’s choice, are estimated to be $8,576,496 and will likely be used as described within the last prospectus.
Ladenburg Thalmann & Co. Inc acted as sole bookrunning supervisor of the providing.
A registration assertion on type S-1 (SEC File No. 333-251202) (“Registration Assertion”) referring to the Notes was filed with the U.S Securities and Alternate Fee (the “SEC”) and is efficient and out there on the SEC’s web site at www.sec.gov. Copies of the ultimate prospectus could also be obtained electronically from the Securities and Alternate Fee at www.sec.gov or from any of the underwriters, together with the workplaces of:
Ladenburg Thalmann & Co.
Attn: Syndicate Division
277 Park Avenue, twenty sixth Flooring
New York, NY 10172
E-mail: [email protected]
This press launch shall not represent a proposal to promote or a solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction during which such supply, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT
Rooster Soup for the Soul Leisure, Inc. (Nasdaq: CSSE) operates streaming video-on-demand networks (VOD). The corporate owns Crackle Plus, which owns and operates a wide range of ad-supported and subscription-based VOD networks together with Crackle, Popcornflix, Popcornflix Children, Truli, Pivotshare, Españolflix and FrightPix. The corporate additionally acquires and distributes video content material by its Display Media subsidiary and produces unique lengthy and short-form content material by Landmark Studio Group, its Rooster Soup for the Soul Originals division and APlus.com. Rooster Soup for the Soul Leisure is a subsidiary of Rooster Soup for the Soul, LLC, which publishes the well-known e book collection and produces super-premium pet meals below the Rooster Soup for the Soul model title.
This press launch consists of forward-looking statements that contain dangers and uncertainties. Ahead-looking statements are statements that aren’t historic information. Such forward-looking statements are topic to dangers (together with these set forth within the Firm’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2019 and Quarterly Report on Kind 10-Q for the nine-month interval ended September 30, 2020) and uncertainties which may trigger precise outcomes to vary from the forward-looking statements. The Firm expressly disclaims any obligations or endeavor to launch publicly any updates or revisions to any forward-looking statements contained herein to mirror any change within the Firm’s expectations with respect thereto or any change in occasions, circumstances or circumstances on which any assertion is predicated. Traders ought to notice that if our underlying assumptions for the projections contained herein show inaccurate or that recognized or unknown dangers or uncertainties materialize, precise outcomes may differ materially from our expectations and projections.