COS COB, Conn., April 19, 2022 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”), one of the largest video-on-demand (AVOD) operators, has today announced the launch of a public offering of additional 9.5% bonds due 2025 (“Bonds”). The Notes are listed on Nasdaq under the symbol CSSEN. The Notes are rated BBB by Egan-Jones Ratings Company, an independent, unaffiliated rating agency. Egan-Jones is a Nationally Recognized Statistical Rating Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones is also certified by the European Securities and Markets Authority (ESMA).
Ladenburg Thalmann & Co. Inc. and B. Riley Securities Inc. are acting as joint account-holders for the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of this offer or any other securities, nor will there be any sale of the Notes or any other securities. mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
This offering is being made only by means of a written prospectus forming part of the effective registration statement and related preliminary prospectus supplement, which may be obtained from any of the following investment banks: Ladenburg Thalmann, Attn: Syndicate Department, 640 Fifth Avenue, 4th Floor, New York, NY 10019 (phone number 1-800-573-2541), or email firstname.lastname@example.org; and B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209, by calling (703) 312-9580 or by email@example.com of which has been filed with the Securities and Exchange Commission, contains a description of these matters and other important information about the Company and should be read carefully before investing.
ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) (the “Company”) operates streaming video-on-demand (VOD) networks. The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The Company also acquires and distributes video content through its subsidiaries Screen Media and 1091 Pictures and produces original video content through Chicken Soup for the Soul Television Group. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the popular book series and produces premium pet food under the Chicken Soup for the Soul brand.
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not identified in this press release, and management’s current expectations and are not predictions of actual performance. These assumptions involve a number of known and unknown risks and uncertainties, including, but not limited to, our primary strategy, our operating profit and margin, seasonality, liquidity, including operating cash, available funds and access to funding sources, free cash flow, revenues, net income, profitability, stock price volatility, future regulatory changes, price changes, the ability of the Company’s content offerings to gain market acceptance, the Company’s success in retaining or recruiting officers, key employees or directors, the ability to protect intellectual property, the ability to make strategic acquisitions, the ability to manage growth and integrate acquired businesses, the ability to pay dividends, regulatory or operational risks and the conditions general market conditions affecting demand for the Company’s services. For a more complete description of these and other risks and uncertainties, please see the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 31, 2022. should one of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by such forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations. in this regard or any change in the events, conditions or circumstances on which any statement is based.
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