Curiositystream Inc SEC Filings

Offering terms: The selling stockholder is offering 7,000,000 shares of CuriosityStream Inc. common stock at a public offering price of $3.50 per share, with underwriters granted an option to purchase up to an additional 1,050,000 shares. The company will not receive any proceeds from the sale; the selling stockholder will receive the net proceeds and the company will bear offering expenses other than underwriting discounts and commissions. The prospectus cites 57,929,733 shares outstanding prior to the offering and reports a Nasdaq closing price of $4.14 on August 11, 2025.

Business and financial highlights: CuriosityStream reports over 20 million paid subscribers, a content library of more than 15,000 programs and extensive licensing assets (including access to over 1 million hours of content and a stated $150 million investment in the library). For the quarter ended June 30, 2025 the company reported Adjusted EBITDA of $3.022 million and an Adjusted EBITDA margin of 15.89%. The Board has initiated and increased cash dividends since March 2024, including a special $0.10 per share dividend totaling $5.8 million and a declared regular dividend of $0.08 payable September 19, 2025. The prospectus also includes customary risk disclosures, tax and governance provisions and anti-takeover features of the Charter.

CuriosityStream Inc. filed a preliminary prospectus supplement for a resale of its common stock by a selling stockholder. The offering is being managed by Needham & Company and Craig-Hallum and the company will not receive proceeds from any sales; the prospectus does not state the number of shares to be sold. CuriosityStream's common stock trades on Nasdaq under CURI (closing price $4.14 on August 11, 2025) and there were 57,929,733 shares outstanding as of August 4, 2025. The selling stockholder is founder John Hendricks, who beneficially owns 20,658,132 shares (including 20,262,775 held by Hendricks Factual Media LLC).

The document summarizes the business and financial profile: over 20 million paid subscribers; a library of >15,000 programs supported by over $150 million of investment; access to >1 million hours of content and sizable raw and finished footage metrics. Recent operating metrics show Adjusted EBITDA of $3.022 million and an Adjusted EBITDA margin of 15.89% for the quarter ended June 30, 2025. The prospectus details dividend actions (multiple increases in 2025 and a special $0.10 per share dividend totaling $5.8 million), risk factors, underwriting terms and lock-up provisions. Key missing item: the prospectus supplement as provided redacts the actual number of shares being offered by the selling stockholder.

CuriosityStream (CURI) Form 4: General Counsel Rebecca R. Reed reported routine compensation-related transactions dated 18 Jul 2025. Two RSU tranches—380 units granted 19 Jul 2021 and 43 units granted 20 Sep 2021—vested and converted to common stock on a 1-for-1 basis. To satisfy statutory tax withholding, 145 shares (130 + 15) were automatically surrendered at $4.62 per share. Net effect: +278 shares added to Reed’s direct holdings, which now total 31,550 shares. All settled RSUs were removed from derivative holdings, leaving 86 unvested units outstanding. No open-market buys or sells occurred; therefore the filing carries limited monetary value (~$1.3 k) but reflects ongoing alignment of the executive’s interests with shareholders.