CuriosityStream: Falls on discounted share offering

CuriosityStream

04/02/2021 12:23

** Entertainment co's  CURI.O  shares down ~4% at $15.18
premarket
    ** Co on Wednesday aftermarket announced offering of 6.5 mln
shares priced at $13.50 apiece to raise proceeds of ~$87.7 mln
 urn:newsml:reuters.com:*:nBw7FZ3SKa
    ** Offer represents a discount of 14.5% to stock's last
close
    ** Shares on offer account for 16% of co's outstanding
shares
    ** Co intends to use the net proceeds to invest in program
content, marketing and for general corporate purposes
    ** BofA Securities is the sole book-running manager for the
offering that is expected to close on Feb. 8
    ** CURI shares up ~13% YTD, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))