Certain Warrants of Chicken Soup for the Soul Entertainment, Inc. are subject to a Lock-Up Agreement Ending on 1-OCT-2021.
October 30, 2021
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Certain Warrants of Chicken Soup for the Soul Entertainment, Inc. are subject to a Lock-Up Agreement Ending on 1-OCT-2021. These Warrants will be under lockup for 91 days starting from 2-JUL-2021 to 1-OCT-2021.
Details:
The executive officers, directors, and all of the holders of equity securities have entered into a lock up agreement pursuant to which, they will offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, or submit to, or file with, the SEC a registration statement under the Securities Act relating to, any common stock or securities convertible into or exchangeable or exercisable for common stock, for a period of 90 days after the date of the final prospectus, without the prior written consent of Guggenheim Securities, LLC, on behalf of the underwriters.
Chicken Soup for the Soul Entertainment Inc. is an advertising-supported video-on-demand (AVOD) company. The Company's three flagship AVOD streaming services include Redbox, Crackle, and Chicken Soup for the Soul. The Company operates Redbox Free Live TV, a free ad-supported streaming television service (FAST), with approximately 160 channels as well as a transaction video on demand (TVOD) service, and a network of approximately 32,000 kiosks across the United States for digital video disc (DVD) rentals. The Company creates, acquires, and distributes films and television (TV) series. The AVOD services boast approximately 50 million monthly active users and are distributed through every major distribution platform including Roku, Amazon Fire TV, Samsung, Vizio, Xbox, PlayStation and many more. The Company's Crackle Plus is comprised of curated streaming services, each delivering content focused on specific themes, such as drama, comedy, horror, paranormal, documentaries, and sports.