Hulu to resell FuboTV (NYSE: FUBO) stake via SEC prospectus
Rhea-AI Filing Summary
FuboTV Inc. filed prospectus supplements with the SEC covering the potential resale from time to time of up to 947,910,220 Hulu Shares and up to 29,270,178 2029 Notes Conversion Shares of its Class A common stock. The Hulu Shares are issuable to Hulu, LLC upon exercise, conversion or exchange of other securities of FuboTV or its subsidiaries, including Class B common stock and units in Fubo Operations LLC, under an October 29, 2025 Registration Rights Agreement. The 2029 Notes Conversion Shares are issuable upon conversion of FuboTV’s 2029 Notes. FuboTV also filed legal opinions from Latham & Watkins LLP on the validity of these shares as exhibits to the registration statement.
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FAQ
What event did FuboTV (FUBO) report in this 8-K filing?
FuboTV reported that it filed two prospectus supplements to its Form S-3ASR registration statement with the SEC. These supplements cover potential resales of Class A common stock by Hulu, LLC and by certain stockholders who may receive shares upon conversion of the company’s 2029 Notes.
How many FuboTV shares are covered for potential resale by Hulu, LLC?
The prospectus supplement covers the potential resale from time to time by Hulu, LLC of up to an aggregate of 947,910,220 shares of FuboTV’s Class A common stock, referred to as the Hulu Shares.
What are the 2029 Notes Conversion Shares mentioned by FuboTV?
The 2029 Notes Conversion Shares are up to an aggregate of 29,270,178 shares of FuboTV Class A common stock that are issuable upon conversion of the company’s 2029 Notes, and are being registered for potential resale by certain stockholders.
Why does Hulu have registration rights for FuboTV shares?
FuboTV granted Hulu registration rights under a Registration Rights Agreement dated October 29, 2025. The Hulu Shares relate to securities of FuboTV or its subsidiaries owned by Hulu that can be exercised, converted or exchanged into Class A common stock.
What legal opinions did FuboTV file related to these resales?
FuboTV filed legal opinions from Latham & Watkins LLP as Exhibits 5.1 and 5.2. These opinions address the validity of the Hulu Shares and the 2029 Notes Conversion Shares and are incorporated by reference into the registration statement.
Does this FuboTV filing involve a new capital raise by the company?
The filing describes resales from time to time by Hulu, LLC and certain stockholders of shares issuable upon exercise or conversion of existing securities. It focuses on registration of these potential resales rather than a primary issuance by FuboTV.