Chicken Soup For The Soul Entertainment Shares Pop Premarket After $50M Share Purchase Deal With Lincoln Park Capital


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Chicken Soup For The Soul Entertainment, Inc (NASDAQ:CSSE) agreed to sell up to $50 million shares under a purchase agreement with Lincoln Park Capital Fund, LLC.

  • Chicken Soup For The Soul Entertainment also agreed to provide Lincoln Park with certain registration rights related to the shares in the thirty-month purchase agreement.
  • Chicken Soup For The Soul Entertainment will initially sell 375,000 shares at $4.00 per share for $1.5 million in gross proceeds.
  • Chicken Soup For The Soul Entertainment held $36.3 million in cash and equivalents as of September 30.

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Price Action: CSSE shares traded higher by 8.93% at $3.78 premarket on the last check Monday.

Also Read: Home Depot Co-Founder Urges Americans To 'Wake Up' Following SVB Collapse, Says Recession May Be Here Already




     

 

 


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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