Cineverse Corp-A 2024年度报告

(212)206-8600(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: CLASS A COMMON STOCK, PARVALUE $0.001 PER SHARE TheNasdaqStock Market Securities registered pursuant to Section 12(g) of the Act:NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2of the Exchange Act Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the issuer based on a price of $0.98 per share, the closing price ofsuch common equity on The Nasdaq Stock Market, as of September 30, 2024, was$14,555,754for purposes of the foregoing calculation, all directors, officers andshareholders who beneficially own 10% of the shares of such common equity have been deemed to be affiliates, but the Company disclaims that any of such personsare affiliates. As ofJune 20, 2025,17,108,062shares of Class A Common Stock, $0.001 par value were outstanding. DOCUMENTS INCORPORATED BY REFERENCE None. Cineverse Corp.TABLE OF CONTENTS PageFORWARD-LOOKING STATEMENTSiiPART I1ITEM 1.Business1ITEM 1A.Risk Factors4ITEM 1B.Unresolved Staff Comments16ITEM 1C.Cybersecurity16ITEM 2.Properties17ITEM 3.Legal Proceedings17ITEM 4.Mine Safety Disclosures17PART II18ITEM 5.Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of EquitySecurities18ITEM 6.[Reserved]18ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations19ITEM 8.Financial Statements and Supplementary Data29ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure59ITEM 9A.Controls and Procedures59ITEM 9B.Other Information59ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.59PART III60ITEM 10.Directors, Executive Officers and Corporate Governance60ITEM 11.Executive Compensation67ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters76ITEM 13.Certain Relationships and Related Transactions, and Director Independence77ITEM 14.Principal Accountant Fees and Services78PART IV80ITEM 15.Exhibits and Financial Statement Schedules80SIGNATURES86 FORWARD-LOOKING STATEMENTS Various statements contained in this report or incorporated by reference into this report constitute “forward-looking statements”within the meaning of the federal securities laws. Forward-looking statements are based on current expectations and are indicatedby words or phrases such as “believe,” “expect,” “may,” “will,” “should,” “seek,” “plan,