CNVS has been in the news 1200% more than usual

CNVS has been in the news recently: Cineverse acquired IndiCue for $22 million and issued $13 million of four‑year convertible notes at 9% interest to help fund the deal; the company said the acquisition accelerates its shift to a tech‑driven streaming infrastructure and supports fiscal 2027 targets of $115–$120 million in revenue and $10–$20 million in adjusted EBITDA. Cineverse also proposed an underwritten offering of Class A stock (with a 30‑day option to sell up to an additional 15%) and priced a public sale of 1,500,000 shares at $2.00 each (plus a 225,000‑share option) to raise about $3.0 million, with the offering expected to close on February 17, 2026; the company currently distributes roughly 71,000 titles.