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For more information
please contact:
Investment
Banking
Al Longfield, CFA
Managing Director
(949) 720-7177
alongfield@roth.com
Russ Nudelman
Director
(310) 445-5872
rnudelman@roth.com
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com |
Transaction Information
fuboTV Inc., a leading sports-first live TV streaming platform, has closed an upsized underwritten public offering of 18,300,000 shares of common stock from 15,000,000 shares. The shares were sold at the public offering price of $10 per share, resulting in the gross proceeds to fuboTV of approximately $183 million.
The offering was conducted pursuant to an effective Registration Statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). In addition, fuboTV has granted the underwriters a 30-day option to purchase up to an additional 2,745,000 shares of common stock at the public offering price. All of the shares in the offering are sold by fuboTV.
fuboTV also announced that, in connection with the offering, its common stock was approved for listing on the New York Stock Exchange (NYSE) and began trading under the symbol "FUBO" on October 8, 2020.
Roth Capital Partners acted as co-manager for the offering.
About fuboTV
fuboTV is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. fuboTV's base package, fubo Standard, features a broad mix of 100+ channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49).
Continually innovating to give subscribers a premium viewing experience they can't find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K.
fuboTV merged with FaceBank Group in April 2020 to create a leading digital entertainment company, combining fuboTV's direct-to-consumer live TV streaming platform for cord-cutters with FaceBank's technology-driven IP in sports, movies and live performances. For more information, please visit and
https://www.fubo.tv.
(Source: Company Press Release | 10.08.20)
About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH, please visit
www.roth.com. |
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Date of Announcement: 11.13.20
The material, information and facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC
("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or
estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be
reproduced in any form without the express written permission of Roth Capital Partners. Copyright 2020. |
