Shares of Chicken Soup for the Soul Entertainment Inc. plunged 30.3% toward a record low in premarket trading Friday, after the Redbox, Crackle, and Chicken...
Shares of Chicken Soup for the Soul Entertainment Inc.
plunged 30.3% toward a record low in premarket trading Friday, after the Redbox, Crackle, and Chicken Soup for the Soul streaming services operator’s public stock offering price priced at a deep discount. The company said the public offering, which was announced late Thursday, was for 4.69 million shares that priced at $2.30, and for expected gross proceeds of $10.8 million. The pricing was 28.1% below Thursday’s closing price of $3.20.
plunged 30.3% toward a record low in premarket trading Friday, after the Redbox, Crackle, and Chicken Soup for the Soul streaming services operator’s public stock offering price priced at a deep discount. The company said the public offering, which was announced late Thursday, was for 4.69 million shares that priced at $2.30, and for expected gross proceeds of $10.8 million. The pricing was 28.1% below Thursday’s closing price of $3.20.
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