COS COB, Conn., July 17, 2017 (GLOBE NEWSWIRE) -- Chicken Soup for the Soul Entertainment, Inc., a fast-growing provider of positive and entertaining video content, today announced the launch of its IPO to raise up to $30 million. The company has applied to list its shares of Class A common stock on Nasdaq under the symbol “CSSE.”
Shares are now available for purchase online. To learn more, go to CSSEntertainment.com/Invest.
“Our customers and fans are passionate about our brand,” said William J. Rouhana, Jr., Chairman and Chief Executive Officer of Chicken Soup for the Soul Entertainment. “Going public affords our loyal fans and others the opportunity to participate in the growth of our video content business.”
HCFP/Capital Markets LLC, The Benchmark Company, LLC and Weild & Co. are acting as joint bookrunning managers for the offering.
The company's Regulation A+ Tier II offering is being made only by means of an offering circular. A copy of the offering circular may be obtained at https://www.sec.gov/Archives/edgar/data/1679063/000114420417036760/v470825_253g1.htm.
An offering statement relating to the offering has been filed with, and qualified by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.
ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. is a fast-growing provider of positive and entertaining video content that brings out the best of the human spirit. The company is aggressively growing its business through a combination of organic growth, licensing and distribution arrangements, acquisitions, and strategic relationships. Chicken Soup for the Soul Entertainment is also expanding its partnerships with sponsors, television networks and independent producers. The company will make its video content available to consumers globally through television and online networks, including its online affiliate APlus.com. The company is a subsidiary of Chicken Soup for the Soul, LLC.
The offering statement for Chicken Soup for the Soul Entertainment’s initial public offering under Regulation A has been qualified by the Securities and Exchange Commission. The securities offered by Chicken Soup for the Soul Entertainment are highly speculative. Investing in shares of Chicken Soup for the Soul Entertainment involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue. To obtain a copy of the qualified offering circular, please go to: CSSEntertainment.com/Invest.