Cineverse Corp. Schedule 13G: Corsair-related reporting persons report beneficial ownership of 1,762,650 shares of Class A Common Stock, representing 8.1% of outstanding common stock as of February 20, 2026.
The total includes 500,000 shares underlying currently exercisable convertible notes. The outstanding share base used for the percentage is 21,294,866 shares as of February 20, 2026, which reflects recent issuances reported on February 17, 2026.
Positive
None.
Negative
None.
Insights
Corsair group holds 1.76M shares, equal to 8.1% of Cineverse as of Feb 20, 2026.
The filing states that the Reporting Persons (Corsair Capital, Corsair 100, Corsair Investors, Corsair Management, Jay R. Petschek and Steven Major) collectively beneficially own 1,762,650 shares, including 500,000 shares underlying currently exercisable convertible notes. The percentage is calculated using 21,294,866 shares outstanding as of February 20, 2026.
The stake is reported with shared voting and dispositive power for the specific share allocations (e.g., Corsair Capital: 1,481,318 shares). Timing and cash‑flow treatment for the convertible-note conversions are not detailed in the excerpt; subsequent disclosures could show exercises or sales.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Cineverse Corp.
(Name of Issuer)
Class A Common Stock, $0.001 Per Share ("Common Stock")
(Title of Class of Securities)
172406308
(CUSIP Number)
02/13/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
172406308
1
Names of Reporting Persons
CORSAIR CAPITAL PARTNERS LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,481,318.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,481,318.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,481,318.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
172406308
1
Names of Reporting Persons
CORSAIR CAPITAL PARTNERS 100 LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
218,910.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
218,910.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
218,910.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
172406308
1
Names of Reporting Persons
CORSAIR CAPITAL INVESTORS LTD
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
62,422.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
62,422.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
62,422.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
172406308
1
Names of Reporting Persons
CORSAIR CAPITAL MANAGEMENT, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,762,650.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,762,650.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,762,650.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.1 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
172406308
1
Names of Reporting Persons
Petschek Jay
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,762,650.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,762,650.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,762,650.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.1 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
172406308
1
Names of Reporting Persons
MAJOR STEVEN
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,762,650.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,762,650.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,762,650.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.1 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Cineverse Corp.
(b)
Address of issuer's principal executive offices:
224 W. 35th St., Suite 500 #947, New York, NY 10001 United States
Item 2.
(a)
Name of person filing:
The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are:
* Corsair Capital Partners, L.P. ("Corsair Capital")
* Corsair Capital Partners 100, L.P. ("Corsair 100")
* Corsair Capital Investors, Ltd ("Corsair Investors")
* Corsair Capital Management, L.P. ("Corsair Management")
* Jay R. Petschek ("Mr. Petschek") and
* Steven Major ("Mr. Major")
Corsair Management acts as the investment manager of Corsair Capital, Corsair 100, and Corsair Investors. Messrs. Petschek and Major are the controlling persons of Corsair Management.
(b)
Address or principal business office or, if none, residence:
The principal business address for each of Corsair Capital, Corsair 100, Corsair Management, Mr. Petschek and Mr. Major is 18 East 48th Street, 20th Floor, New York, NY 10017.
The principal business address for Corsair Investors is M&C Corporate Services Ltd, Box 309, George Town, Cayman Islands KY1-1104.
(c)
Citizenship:
Each of Corsair Capital, Corsair 100, and Corsair Management is a limited partnership formed under the laws of the State of Delaware. Corsair Investors is an exempted company formed under the laws of the Cayman Islands. Each of Mr. Petschek and Mr. Major is a citizen of the United States.
(d)
Title of class of securities:
Class A Common Stock, $0.001 Per Share ("Common Stock")
(e)
CUSIP No.:
172406308
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Amount beneficially owned: Collectively, the Reporting Persons beneficially own 1,762,650 shares of Common Stock, including 500,000 shares of Common Stock underlying currently exercisable convertible notes.
* Corsair Capital individually owns 1,481,318 shares of Common Stock, including 420,000 shares of Common Stock underlying currently exercisable convertible notes.
* Corsair 100 individually owns 218,910 shares of Common Stock, including 62,500 shares of Common Stock underlying currently exercisable convertible notes.
* Corsair Investors individually owns 62,422 shares of Common Stock, including 17,500 shares of Common Stock underlying currently exercisable convertible notes.
* Corsair Management, as the investment manager of each of Corsair Capital, Corsair 100, and Corsair Investors is deemed to beneficially own 1,762,650 shares of Common Stock, including 500,000 shares of Common Stock underlying currently exercisable convertible notes.
* Mr. Petschek, as a controlling person of Corsair Management, is deemed to individually beneficially own 1,762,650 shares of Common Stock, including 500,000 shares of Common Stock underlying currently exercisable convertible notes.
* Mr. Major, as a controlling person of Corsair Management, is deemed to individually beneficially own 1,762,650 shares of Common Stock, including 500,000 shares of Common Stock underlying currently exercisable convertible notes.
(b)
Percent of class:
Collectively, the Reporting Persons beneficially own 1,762,650 shares of Common Stock, including 500,000 shares of Common Stock underlying currently exercisable convertible notes, representing approximately 8.1% of the Issuer's outstanding Common Stock, based on 21,294,866 shares outstanding as of February 20, 2026. This outstanding share figure reflects the sum of: (i) 19,344,866 shares of Common Stock outstanding as of February 13, 2026, as reported in the Issuer's Quarterly Report on Form 10 Q, filed with the Securities and Exchange Commission on February 17, 2026; (ii) 1,500,000 shares of Common Stock issued by the Issuer on February 17, 2026, pursuant to the Issuer's prospectus supplement dated January 25, 2026, filed with the Securities and Exchange Commission pursuant to Rule 424(b)(5) (Registration Number 333-273098) on February 17, 2026 (the "Prospectus"); and (iii) 225,000 shares of Common Stock issued on February 17, 2026, pursuant to the Prospectus, in connection with the underwriters' exercise of its option to purchase additional shares, as reported in the Issuer's Current Report on Form 8 K filed with the Securities and Exchange Commission on February 17, 2026.
Corsair Capital's individual ownership of 1,481,318 shares of Common Stock, including 420,000 shares of Common Stock underlying currently exercisable convertible notes, represents 6.8% of all the outstanding shares of Common Stock.
Corsair 100's individual ownership of 218,910 shares of Common Stock, including 62,500 shares of Common Stock underlying currently exercisable convertible notes, represents 1.0% of all the outstanding shares of Common Stock.
Corsair Investors' individual ownership of 62,422 shares of Common Stock, including 17,500 shares of Common Stock underlying currently exercisable convertible notes, represents 0.3% of all the outstanding shares of Common Stock.
Corsair Management's beneficial ownership of 1,762,650 shares of Common Stock, including 500,000 shares of Common Stock underlying currently exercisable convertible notes, represents 8.1% of all the outstanding shares of Common Stock.
The 1,762,650 shares of Common Stock deemed to be beneficially owned by Mr. Petschek, including 500,000 shares of Common Stock underlying currently exercisable convertible notes, represents 8.1% of all the outstanding shares of Common Stock.
The 1,762,650 shares of Common Stock deemed to be beneficially owned by Mr. Major, including 500,000 shares of Common Stock underlying currently exercisable convertible notes, represents 8.1% of all the outstanding shares of Common Stock.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Not Applicable
(ii) Shared power to vote or to direct the vote:
Corsair Capital, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 1,481,318 shares of common Stock owned by Corsair Capital.
Corsair 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 218,910 shares of common Stock owned by Corsair 100.
Capital Investors, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 62,422 shares of common Stock owned by Corsair Investors.
(iii) Sole power to dispose or to direct the disposition of:
Not Applicable
(iv) Shared power to dispose or to direct the disposition of:
Corsair Capital, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 1,481,318 shares of common Stock owned by Corsair Capital.
Corsair 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 218,910 shares of common Stock owned by Corsair 100.
Capital Investors, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 62,422 shares of common Stock owned by Corsair Investors.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit B.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
CORSAIR CAPITAL PARTNERS LP
Signature:
/s/ Jay R. Petschek
Name/Title:
Jay R. Petschek, Managing Member of Corsair Capital Advisors, L.L.C., its General Partner
Date:
02/20/2026
CORSAIR CAPITAL PARTNERS 100 LP
Signature:
/s/ Jay R. Petschek
Name/Title:
Jay R. Petschek, Managing Member of Corsair Capital Advisors, L.L.C., its General Partner
Date:
02/20/2026
CORSAIR CAPITAL INVESTORS LTD
Signature:
/s/ Jay R. Petschek
Name/Title:
Jay R. Petschek, Managing Member of Corsair Capital Management, L.P., Attorney-in-Fact of Corsair Capital Management GP, L.L.C., its General Partner
Date:
02/20/2026
CORSAIR CAPITAL MANAGEMENT, L.P.
Signature:
/s/ Jay R. Petschek
Name/Title:
Jay R. Petschek, Managing Member of Corsair Capital Management GP, L.L.C., its General Partner
How many Cineverse (CNVS) shares does Corsair report owning?
Corsair reports beneficial ownership of 1,762,650 shares. This total includes 500,000 shares that underlie currently exercisable convertible notes and is reported collectively by the Corsair entities and their controlling persons.
What percentage of Cineverse does Corsair own?
The Corsair group represents 8.1% of outstanding Cineverse common stock. That percentage uses a reported outstanding share count of 21,294,866 shares as of February 20, 2026.
How many shares are associated with convertible notes in this filing?
500,000 shares are underlying currently exercisable convertible notes. The filing allocates these among the Corsair entities (e.g., Corsair Capital includes 420,000; Corsair 100 includes 62,500).
What is the reported outstanding share count used to calculate the percentage?
The filing uses 21,294,866 shares outstanding as of February 20, 2026. That figure aggregates prior reported outstanding shares and issuances reported on February 17, 2026.
Which Corsair entities are included in the joint filing for CNVS?
Reporting persons include Corsair Capital, Corsair 100, Corsair Investors, Corsair Management, Jay R. Petschek and Steven Major. Corsair Management is the investment manager and Messrs. Petschek and Major are controlling persons.
