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SILVER SPRING, Md. - CuriosityStream Inc. (NASDAQ:CURI), a factual media company whose stock has surged over 280% in the past year according to InvestingPro data, announced Tuesday that a selling stockholder will offer shares of the company’s common stock in an underwritten secondary offering.
The offering includes an option for underwriters to purchase up to an additional 15% of the offered shares within 30 days at the public offering price, less underwriting discounts and commissions.
Needham & Company and Craig-Hallum will serve as joint book-running managers for the transaction.
CuriosityStream will not receive any proceeds from the offering as all funds will go to the selling stockholder. The company is not selling any shares of its common stock in this transaction.
The offering is being conducted through a shelf registration statement on Form S-3 that was declared 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.
The announcement was made in a press release statement issued by the company.
In other recent news, CuriosityStream Inc. reported its Q2 2025 financial results, surpassing revenue forecasts with a 30.58% surprise. The company’s earnings per share also exceeded expectations, marking a positive financial performance. Additionally, Curiosity Inc. has secured a 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 FAST platform, MyFree DIRECTV. These developments highlight CuriosityStream’s efforts to broaden its audience and strengthen its market presence. Despite the positive earnings report, the company’s stock experienced a decline in regular trading hours. However, it saw a slight uptick in after-hours trading.
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