Chicken Soup for the Soul Entertainment Announces Exercise of Underwriters’ Option to Purchase Additional Notes Due 2025
COS COB, Conn., Dec. 29, 2020 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced that the underwriters of its recent public offering of 9.50% Notes due 2025 (“Notes”) have partially exercised their over-allotment option by purchasing an additional $1,408,150 principal amount of Notes. Closing of the partial exercise of the over-allotment option was completed today, generating net proceeds to the Company of $1,305,988 after deducting the Underwriters’ discounts, commissions and certain expenses and will be used as described in the final prospectus.