CSSE - Beaten Down Stock Chicken Soup Entertainment Explores Financial Options to Avoid Cash Crisis | Benzinga
Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE) is exploring options to alleviate its financial difficulties.
These include issuing preferred equity, raising new debt, and selling assets.
The company has engaged with potential investors regarding the equity raise, though these talks remain confidential, Bloomberg reports.
Despite considering these measures, Chicken Soup for the Soul has yet to make any official comments, and its primary lender, HPS Investment Partners, has yet to respond to inquiries.
Established in 1993 and expanding from publishing to film, television, video streaming, and pet food, the company ventured into the DVD rental kiosk and online streaming rental ...