Business
Cineverse Announces Agreement to Acquire IndiCue, Inc.
Cineverse Corp. (NASDAQ: CNVS), an innovative and independent entertainment technology company and studio, today announced that on February 12, 2026, it signed an agreement to acquire IndiCue, Inc., a proprietary connected television (CTV) monetization platform that provides publishers and streaming operators with the technology infrastructure to manage, optimize, and grow their advertising revenue, for $22 million in cash and shares of Cineverse common stock, subject to adjustments. The acquisi
About this update from Cineverse Corp.
[{"type":"text","content":"LOS ANGELES, Feb. 12, 2026 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative and independent entertainment technology company and studio, today announced that on February 12, 2026, it signed an agreement to acquire IndiCue, Inc., a proprietary connected television (CTV) monetization platform that provides publishers and streaming operators with the technology infrastructure to manage, optimize, and grow their advertising revenue, for $22 million in cash and shares of Cineverse common stock, subject to adjustments. The acquisition is expected to be consummated on or about February 13, 2026.","length":608,"tagName":"p"},{"type":"image","alt":"Courtesy of Cineverse (PRNewsfoto/Cineverse Corp.)","displaySize":"","headline":null,"caption":"Courtesy of Cineverse (PRNewsfoto/Cineverse Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":211,"url":"https://media.zenfs.com/en/prnewswire.com/2c2e17d512a8daeb12f3926c80429f65"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/iQ1J5Lsr1r_14AP2zugiqw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2c2e17d512a8daeb12f3926c80429f65","width":400,"height":211}},"href":"https://mma.prnewswire.com/media/2081845/Cineverse_2025_Logo_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In addition, on February 12, 2026, Cineverse agreed to issue convertible notes to certain investors in the aggregate amount of $13 million. The convertible notes have a four-year term and an interest rate of 9% per annum, and are convertible into shares of Cineverse's common stock. The Company intends to use the net proceeds from the sale of the convertible notes in part, to fund the purchase price of the IndiCue acquisition, and for working capital and other general corporate purposes. The consummation of the sale of the convertible notes occured on February 6, 2026.","length":578,"tagName":"p"},{"type":"text","content":"About Cineverse","length":15,"tagName":"p"},{"type":"text","content":"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 prepar...