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SILVER SPRING, Md. - CuriosityStream Inc. (NASDAQ:CURI), a factual media company, announced Tuesday the pricing of an underwritten secondary offering of 7 million shares of common stock at $3.50 per share. The announcement comes as the stock has seen significant volatility, with a 178% year-to-date return despite a recent 4.5% weekly decline, according to InvestingPro data.
The offering, expected to close on Wednesday, is being conducted by a selling stockholder who will receive all net proceeds. CuriosityStream will not sell any shares or receive proceeds from the transaction.
Needham & Company and Craig-Hallum are serving as joint book-running managers, with Roth Capital Partners acting as co-manager. The underwriters have a 30-day option to purchase up to an additional 1.05 million shares at the public offering price.
The offering is being conducted through a shelf registration statement on Form S-3 that became effective on May 3, 2022.
CuriosityStream operates a subscription video-on-demand service available in more than 175 countries, along with Curiosity Channel, Curiosity University, several ad-supported channels, an audio network, and Curiosity Studios for original programming.
The information in this article is based on a company press release statement.
In other recent news, CuriosityStream Inc. reported its Q2 2025 financial results, which exceeded expectations. The company achieved a revenue surprise of 30.58%, and its earnings per share (EPS) also surpassed forecasts. Additionally, CuriosityStream announced a new multi-tier distribution agreement with DIRECTV, expanding its reach to millions of U.S. households. This agreement includes the launch of the subscription-based Curiosity Stream service and the free ad-supported Curiosity NOW channel on DIRECTV’s MyFree DIRECTV platform. Furthermore, a selling stockholder of CuriosityStream is offering shares of the company’s common stock in an underwritten secondary offering. This offering includes an option for underwriters to purchase up to an additional 15% of the offered shares within 30 days. These developments reflect CuriosityStream’s ongoing efforts to expand its market presence and financial performance.
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