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CNVS · Current Report (Form 8-K) · Filed February 17, 2026

Cineverse Corp — Current Report (Form 8-K)

Form
8-K
Filed
February 17, 2026
Period
Feb 12, 2026
Ticker
CNVS
Accession
0001193125-26-052164
Boardroom Alpha · Filing insights

Cineverse to raise about $3M via a 1.5M-share offering, with 225k more; proceeds for working capital and content development.

About Cineverse Corp
Market cap
$59M
1Y TSR
−50.1%
3Y TSR
+29.0%
Board grade
C-
Sector
Communication Services
CEO
Christopher J McGurk
Last annual meeting: Sep 15, 2026 · View full Cineverse Corp profile →
8-K
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

February 12, 2026

(Date of earliest event reported)

 

 

Cineverse Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-31810   22-3720962
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

237 West 35th Street

Suite 500, #947

New York, New York

  10001
(Address of principal executive offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: 212-206-8600

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transmission period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

CLASS A COMMON STOCK, PAR VALUE $0.001 PER SHARE   CNVS   The Nasdaq Stock Market

 

 
 


Item 1.01

Entry into a Definitive Material Agreement.

On February 12, 2026, Cineverse Corp. (the “Company”) agreed to sell in a public offering an aggregate of 1,500,000 shares (the “Shares”) of the Company’s Class A common stock (the “Common Stock”), at a purchase price of $2.00 per share, for aggregate gross proceeds of approximately $3.0 million, before deducting underwriting commissions and expenses payable by the Company (the “Offering”). We have granted to the Underwriter an option to purchase up to an additional 225,000 shares (“Option Shares” and, together with the Shares, the “Offered Shares”) of common stock from us at the same price to the public, and with the same underwriting discount. The Offered Shares will be sold pursuant to an Underwriting Agreement (the “Underwriting Agreement”) with The Benchmark Company, LLC (the “Underwriter”) and pursuant a prospectus and prospectus supplement which are part of the Company’s shelf registration statement on Form S-3 (File No. 333-273098) filed with the Securities and Exchange Commission (the “SEC”).

The closing of the sale of the Shares is expected to occur on or about February 17, 2026, subject to the satisfaction of customary closing conditions. The net proceeds to the Company from the sale of the Shares, after deducting the fees of the underwriter but before paying the Company’s estimated Offering expenses, is approximately $2.8 million (or $3.2, if the Underwriter exercises its option to purchase all of the Option Shares). The Company intends to use the net proceeds from the sale of the Offered Shares for working capital and for other general corporate purposes, including the financing of content acquisition and development.

On February 13, 2026, the Underwriter exercised its option to purchase the Option Shares in full.

The Benchmark Company, LLC, is acting as sole underwriter for the Offering.

The opinion of Kelley Drye & Warren LLP regarding the validity of the Offered Shares sold in the Offering is attached hereto as Exhibit 5.1.

On February 12, 2026, the Company issued a press release announcing the Offering, a copy of which is attached hereto as Exhibit 99.1 and a press release announcing the pricing of the Offering, a copy of which is attached hereto as Exhibit 99.2.

The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to, and incorporate herein by reference, the full text thereof, a copy of which is filed herewith as Exhibit 1.1.

 

Item 9.01

Financial Statements and Exhibits.

 

Exhibit
No.

  

Description

 1.1    Underwriting Agreement dated February 12, 2026.
 5.1    Opinion of Kelley Drye & Warren LLP.
23.1    Consent of Kelley Drye & Warren LLP (included in Exhibit 5.1 hereto).
99.1    Press Release dated February 12, 2026.
99.2    Press Release dated February 12, 2026.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: February 13, 2026   By:  

/s/ Gary S. Loffredo

    Name:   Gary S. Loffredo
    Title:   Chief Legal Officer, Secretary and Senior Advisor
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More filings

Other filings from Cineverse Corp (CNVS)

Reference

Frequently asked questions

When did Cineverse Corp file this 8-K?
Cineverse Corp (CNVS) filed this Current Report (Form 8-K) with the SEC on February 17, 2026. The accession number assigned by EDGAR is 0001193125-26-052164.
What does an 8-K disclose?
Form 8-K is the SEC's current-report form, used to disclose material events between periodic reports (10-K / 10-Q). Triggers include CEO/CFO departures, acquisitions, bankruptcies, earnings releases, auditor changes, changes in fiscal year, and amendments to corporate governance. Each 8-K is keyed to one or more Item numbers (1.01 through 9.01).
What is the key takeaway from this filing?
Cineverse to raise about $3M via a 1.5M-share offering, with 225k more; proceeds for working capital and content development. This is Boardroom Alpha's one-line summary of the current report; see the full filing text above for the formal disclosure.
What Item codes does an 8-K cover?
An 8-K's Item codes (1.01 through 9.01) specify what kind of event is being disclosed — e.g. Item 1.01 for entering a material agreement, Item 5.02 for departure/election of directors and executive officers, Item 8.01 for other events. The Item codes for this 8-K appear in the filing text above.
Where can I find Cineverse Corp's prior current reports on EDGAR?
The SEC EDGAR browser lists every 8-K Cineverse Corp has filed under CIK 1173204, sortable by date. Use the "View on SEC EDGAR" link in the page header, or browse directly via https://www.sec.gov/cgi-bin/browse-edgar.
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