Cineverse issues up to 1.5 million shares in unregistered preferred stock exchange

• Cineverse entered an exchange agreement on April 27, 2026 with OCI-Cinedigm to issue Class A common stock in exchange for 3 shares of Series A Preferred.
• Issuance qualifies as an unregistered sale under Securities Act Section 3(a)(9).
• Exchange will occur in five equal tranches starting May 1, 2026, with share counts set using 5-day VWAP through prior trading day.
• Company authorized issuance of up to 1.5 million common shares under agreement.
• Preferred shares exchanged in each tranche will be retired upon conversion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cineverse Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-201677), on May 01, 2026, and is solely responsible for the information contained therein.