Cineverse Corp. (Cinedigm Corp.) 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Cinedigm Corp. on May 6, 2020. The filing serves to update beneficial ownership information regarding the Company's Class A Common Stock as of April 15, 2020. The Company is incorporated in Delaware and its Class A Common Stock trades on the Nasdaq Global Market under the symbol "CIDM."
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on equity ownership structure and does not contain financial performance data.
Material Changes and Ownership Structure
The report details the beneficial ownership of the Company's 92,059,404 outstanding shares of Class A Common Stock as of April 15, 2020. Key ownership concentrations include:
- Peixin Xu: Beneficially owns 48,937,932 shares (47.3%). This includes direct ownership and interests held through Bison Entertainment Investment Limited, Bison Entertainment and Media Group, Bison Global Investment SPC, and MingTai Investment LP.
- Bison Capital Holding Company Limited: Beneficially owns 48,863,220 shares (47.2%).
- Beitai Investment LP: Beneficially owns 21,646,604 shares (23.5%).
- Directors and Executive Officers as a Group: The group of 8 individuals beneficially owns 51,695,186 shares (49.5%). This total includes 12,181,036 shares not currently outstanding, which are subject to issuance via options, warrants, and convertible notes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is a routine disclosure of ownership percentages and does not contain forward-looking statements or risk assessments.
Investor Verification Checklist
- Verify the total number of outstanding shares (92,059,404) used to calculate ownership percentages.
- Confirm the extent of shares subject to issuance via convertible notes and warrants included in the "beneficially owned" counts for major shareholders.
- Review the relationship between Peixin Xu, Bison Capital Holding Company Limited, and the various subsidiary entities listed in the footnotes.
- Check for any subsequent filings regarding changes in the 47.3% ownership stake held by Peixin Xu.