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

Chicken Soup For The Soul Entertainment, Inc 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.

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

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