Cineverse Announces Agreement to Acquire IndiCue, Inc.
Cineverse (NASDAQ: CNVS) signed an agreement on February 12, 2026 to acquire IndiCue, a connected-TV monetization platform, for $22 million in cash and Cineverse common stock, subject to adjustments.
Rhea-AI Summary
Cineverse (NASDAQ: CNVS) signed an agreement on February 12, 2026 to acquire IndiCue, a connected-TV monetization platform, for $22 million in cash and Cineverse common stock, subject to adjustments. The acquisition is expected to be consummated on or about February 13, 2026.
On February 12, 2026 Cineverse also agreed to issue $13 million of convertible notes, with a four-year term and 9% annual interest, convertible into common stock; Cineverse intends to use net proceeds to fund the IndiCue purchase, working capital, and general corporate purposes.
Positive
- Agreement to acquire IndiCue for $22 million
- Adds a proprietary CTV monetization platform to Cineverse technology stack
- Secured financing via $13 million convertible notes to help fund the purchase
Negative
- Convertible notes carry 9% interest, increasing financing cost
- Notes are convertible into common stock, creating potential shareholder dilution
- Purchase price is subject to adjustments, adding closing-price uncertainty
Details
News Market Reaction – CNVS
In the Feb 13 session, CNVS gained 20.19%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- IndiCue purchase price
- $22 million
- Total consideration in cash and Cineverse common stock, subject to adjustments
- Convertible notes issued
- $13 million
- Aggregate principal of notes issued to certain investors
- Convertible note term
- 4 years
- Maturity of Cineverse convertible notes funding part of IndiCue deal
- Convertible note rate
- 9% per annum
- Stated annual interest rate on Cineverse convertible notes
- Convertible notes closing
- February 6, 2026
- Date the sale of the convertible notes was consummated
- IndiCue closing target
- February 13, 2026
- Expected consummation date of the IndiCue acquisition
Previous Acquisition Reports
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Acquisition of Giant Worldwide to integrate global media services into Matchpoint.
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Hulu acquires SVOD rights for The Toxic Avenger from Cineverse.
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Acquisition of Pan’s Labyrinth North American rights and planned re-release.
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Hiring three industry veterans to accelerate feature film acquisitions and releases.
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Acquisition of U.S. rights for Return to Silent Hill horror franchise film.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
connected television (CTV) technical
convertible notes financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
In addition, on February 12, 2026, Cineverse agreed to issue convertible notes to certain investors in the aggregate amount of
About Cineverse
Cineverse (Nasdaq: CNVS) is an entertainment technology company and studio. Fiercely innovative and independent, Cineverse develops and invests in technology and content that drives the future of the industry. Core to its business is Matchpoint® – a growing tech ecosystem powered by AI and designed to prepare, distribute, monetize, and continuously improve content across any platform. Matchpoint helps studios large and small operate at scale and improve performance and efficiency in an increasingly fragmented distribution environment. Additionally, Cineverse distributes more than 71,000 premium films, series, and podcasts, across theatrical, home entertainment, and streaming; operates dozens of digital properties that super serve passionate fandoms around the world; and works with leading brands to connect them with audiences they value. From award-winning technology to the highest-grossing unrated film in
Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cineverse officials during presentations about Cineverse, along with Cineverse's filings with the Securities and Exchange Commission, including Cineverse's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings, or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cineverse's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties, and assumptions about Cineverse, its technology, economic and market factors, and the industries in which Cineverse does business, among other things. These statements are not guarantees of future performance, and Cineverse undertakes no specific obligation or intention to update these statements after the date of this release.
For additional information, please contact:
For Media
The Lippin Group for Cineverse
cineverse@lippingroup.com
At Cineverse
Julie Milstead
investorrelations@cineverse.com
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SOURCE Cineverse Corp.
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