COS COB, Conn., Dec. 18, 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, immediately introduced the pricing of its underwritten public providing of an combination principal quantity of $9,387,750 9.5% Notes due 2025 (“Notes”). As well as, the Firm has granted the underwriters a 30-day choice to buy further Notes having an combination principal quantity of as much as $1,408,150 to cowl overallotments, if any. The Notes can be issued in minimal denominations of $25.00 and integral multiples of $25.00. The providing is anticipated to shut on or about December 22, 2020. This can be a follow-on providing to the Notes issued by the Firm in July 2020. 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 can be made quarterly in arrears on March 31, June 30, September 30, and December 31 annually, starting March 31, 2021. The Firm can 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 possibility, is estimated to be $8,576,496 and can be used as described within the ultimate prospectus.
Ladenburg Thalmann & Co. Inc. is performing as bookrunning supervisor of the providing.
The providing is being made pursuant to a registration assertion on kind S-1 (SEC File No. 333-251202) (“Registration Assertion”) declared efficient by the Securities and Alternate Fee on December 17, 2020 and a preliminary prospectus thereto. A ultimate prospectus referring to the providing can be filed with the Securities and Alternate Fee. When out there, 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
This press launch shall not represent a suggestion to promote or a solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction during which such provide, 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 way of its Display Media subsidiary and produces unique lengthy and short-form content material by way of 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 guide collection and produces super-premium pet meals below the Rooster Soup for the Soul model identify.
This press launch contains 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-Ok 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 might 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 replicate any change within the Firm’s expectations with respect thereto or any change in occasions, situations or circumstances on which any assertion relies. Buyers ought to understand that if our underlying assumptions for the projections contained herein show inaccurate or that recognized or unknown dangers or uncertainties materialize, precise outcomes might range materially from our expectations and projections.