CuriosityStream stockholder launches secondary offering

CuriosityStream Inc. (NASDAQ: CURI) announced a selling stockholder will conduct an underwritten secondary offering of the company's common stock. The factual media company stated it will not sell any shares in the offering and will not receive proceeds from the transaction.

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, minus underwriting discounts and commissions. All proceeds from the sale will go to the selling stockholder.

Needham & Company and Craig-Hallum will serve as joint book-running managers for the offering. The transaction is being conducted through a shelf registration statement on Form S-3 that became effective on May 3, 2022.

The company operates the CuriosityStream subscription video service, available in more than 175 countries, along with linear television channels and other content platforms. CuriosityStream produces and distributes factual programming covering science, nature, history, technology, society and lifestyle topics.

The press release noted that prospective investors should review the prospectus supplement and accompanying prospectus for complete information about the company and offering. Documents are available through the Securities and Exchange Commission's website and the underwriters.

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