SILVER SPRING, Md.--(BUSINESS WIRE)--CuriosityStream Inc. (NASDAQ: CURI), a global factual entertainment company, announced today that it intends to offer for sale 6,500,000 shares of its common stock, par value $0.0001 per share, in an underwritten public offering. In addition, CuriosityStream expects to grant the underwriters a 30-day option to purchase an additional 975,000 shares of Common Stock. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
BofA Securities is acting as sole book-running manager for the offering and as representative of the underwriters. Needham & Company is acting as senior co-manager for the offering, and D.A. Davison & Co. and Roth Capital Partners are acting as co-managers for the offering.
CuriosityStream intends to use the net proceeds from the offering for investment in program content, marketing and general corporate purposes.
Launched by media visionary John Hendricks, CuriosityStream is one of the world’s leading global factual streaming services and media companies. Its documentary series and features cover every topic from space exploration to adventure to the secret life of pets, empowering viewers of all ages to fuel their passions and explore new ones. With thousands of titles, many in Ultra HD 4K, including exclusive originals, CuriosityStream features stunning visuals and unrivaled storytelling to demystify science, nature, history, technology, society, and lifestyle. CuriosityStream programming is available worldwide to watch on TV, desktop, mobile and tablets.