Chicken Soup for the Soul Entertainment Announces Closing of $15 Million of Series A Redeemable Perpetual Preferred Stock Offering
Chicken Soup for the Soul Entertainment, Inc. - Class A (CSSE)
Last chicken soup for the soul entertainment, inc. - class a earnings: 3/30 04:05 pm
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US:NASDAQ Investor Relations:
ir.cssentertainment.com
Company Research
Source: GlobeNewswire
COS COB, Conn., June 29, 2018 (GLOBE NEWSWIRE) -- 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 the closing of its previously announced offering of 600,000 shares of CSS Entertainment’s Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) at a price of $25.00 per share. The Series A Preferred Stock is traded on the Nasdaq Global Market under the symbol “CSSEP.” The Series A Preferred Stock 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. Net proceeds from the sale of the shares after underwriting fees and other offering expenses were approximately $13.7 million. The company intends to use the net proceeds from this offer
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