Chicken Soup for the Soul Seeks New Equity Amid Cash Crunch.

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    • Abstract:
      Chicken Soup for the Soul Entertainment Inc., a media company known for its self-help books and ownership of Redbox Entertainment Inc., is exploring options to address a cash shortage. These options include issuing new preferred equity, raising new debt, and selling assets. The company has struggled to service its $360 million debt and has experienced a decline in its stock value. It has also faced challenges in purchasing movies and lost contracts with content providers. The company's shares currently trade for less than 19 cents. [Extracted from the article]
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