CuriosityStream Announces Share Repurchase Plan
11 Junho 2024 - 10:00AM
Business Wire
CuriosityStream Inc. (NASDAQ: CURI), a leading global factual
entertainment company, today announced that the Board of Directors
(the “Board”) of CuriosityStream, Inc. (the “Company”) authorized
and approved a share repurchase program for up to $4 million of the
currently outstanding shares of the Company’s common stock. Under
the stock repurchase program, the Company intends to repurchase
shares through open market purchases, privately negotiated
transactions, block purchases or otherwise in accordance with
applicable federal securities laws, including through the use of
Rule 10b5-1 trading plans.
The Company cannot predict when or if it will repurchase any
shares of common stock as such stock repurchase program will depend
on a number of factors, including constraints specified in any Rule
10b5-1 trading plans, price, general business and market
conditions, and alternative investment opportunities. This program
does not obligate the Company to acquire any particular amount of
common stock. The program has no expiration date and may be
modified, suspended or discontinued at any time at the Company’s
discretion. Information regarding share repurchases will be
available in the Company’s periodic reports on Form 10-Q and 10-K
filed with the SEC as required by the applicable rules of the
Exchange Act.
About Curiosity Inc.
Curiosity Inc. is the entertainment brand for people who want to
know more. The global media company is home to award-winning
original and curated factual films, shows, and series covering
science, nature, history, technology, society, and lifestyle. With
millions of subscribers worldwide and thousands of titles, the
company operates the flagship Curiosity Stream SVOD service,
available in more than 175 countries worldwide; Curiosity Channel,
the linear television channel available via global distribution
partners; Curiosity University, featuring talks from the best
professors at the world's most renowned universities as well as
courses, short and long-form videos, and podcasts; Curiosity Now, a
free, ad-supported channel; Curiosity Audio Network, with original
content and podcasts; and Curiosity Studios, which oversees
original programming.
Cautionary Statements Regarding Forward-Looking
Information
Certain statements in this press release may be considered
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 including, but not limited
to, the Company’s plans to repurchase shares of its common stock.
Forward-looking statements are inherently subject to risks,
uncertainties and assumptions. Generally, statements that are not
historical facts, including statements concerning possible or
assumed future actions, business strategies, events or results of
operations, are forward-looking statements. These statements may be
preceded by, followed by or include the words “believes,”
“estimates,” “expects,” “projects,” “forecasts,” “may,” “will,”
“would,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,”
“predicts” or “intends” or similar expressions. Such
forward-looking statements involve risks and uncertainties that may
cause actual events, results or performance to differ materially
from those indicated by such statements. Certain of these risks are
identified and discussed under “Risk Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2023,
that the Company filed with the Securities and Exchange Commission
(the “SEC”) on March 25, 2024, and in the Company’s subsequent SEC
filings. These risk factors are important to consider in
determining future results and should be reviewed in their
entirety. Forward-looking statements are based on the current
belief of the management of the Company, based on currently
available information, as to the outcome and timing of future
events, and involve factors, risks, and uncertainties that may
cause actual results in future periods to differ materially from
such statements. However, there can be no assurance that the
events, results or trends identified in these forward-looking
statements will occur or be achieved. Forward-looking statements
speak only as of the date they are made, and the Company is not
under any obligation, and expressly disclaims any obligation to
update, alter or otherwise revise any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by law. Readers should carefully review the
statements set forth in the reports that the Company has filed or
will file from time to time with the SEC. In addition to factors
previously disclosed in the Company’s reports filed with the SEC
and those identified elsewhere in this communication, the following
factors, among others, could cause actual results to differ
materially from forward-looking statements or historical
performance: (i) risks related to the Company’s ability to maintain
and develop new and existing revenue-generating relationships and
partnerships or to significantly increase the Company's subscriber
base and retain customers; (ii) the effects of pending and future
legislation; (iii) risks of the internet, online commerce and media
industry; (iv) the highly competitive nature of the internet,
online commerce and media industry and the Company’s ability to
compete therein; (v) litigation, complaints, and/or adverse
publicity; and (vi) privacy and data protection laws, privacy or
data breaches, or the loss of data.
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version on businesswire.com: https://www.businesswire.com/news/home/20240611233078/en/
CuriosityStream Investor Relations Vanessa Gillon
IR@curiositystream.com
CuriosityStream (NASDAQ:CURI)
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