0001013594-25-000669.txt : 20250515 0001013594-25-000669.hdr.sgml : 20250515 20250515114955 ACCESSION NUMBER: 0001013594-25-000669 CONFORMED SUBMISSION TYPE: SCHEDULE 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20250515 DATE AS OF CHANGE: 20250515 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cineverse Corp. CENTRAL INDEX KEY: 0001173204 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-VIDEO TAPE RENTAL [7841] ORGANIZATION NAME: 07 Trade & Services EIN: 223720962 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SCHEDULE 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79352 FILM NUMBER: 25950324 BUSINESS ADDRESS: STREET 1: 224 W. 35TH ST. STREET 2: SUITE 500, #947 CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-206-8600 MAIL ADDRESS: STREET 1: 224 W. 35TH ST. STREET 2: SUITE 500, #947 CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: Cinedigm Corp. DATE OF NAME CHANGE: 20130925 FORMER COMPANY: FORMER CONFORMED NAME: Cinedigm Digital Cinema Corp. DATE OF NAME CHANGE: 20091006 FORMER COMPANY: FORMER CONFORMED NAME: Access Integrated Technologies, Inc. d/b/a Cinedigm Digital Cinema Corp. DATE OF NAME CHANGE: 20081202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORSAIR CAPITAL MANAGEMENT, L.P. CENTRAL INDEX KEY: 0001276470 ORGANIZATION NAME: EIN: 043683843 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A BUSINESS ADDRESS: STREET 1: 18 EAST 48TH STREET STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129493000 MAIL ADDRESS: STREET 1: 18 EAST 48TH STREET STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: CORSAIR CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20040114 SCHEDULE 13G/A 1 primary_doc.xml SCHEDULE 13G/A 0001276470 XXXXXXXX LIVE 1 Class A Common Stock, $0.001 Per Share ("Common Stock") 03/31/2025 0001173204 Cineverse Corp. 172406308 224 W. 35TH ST. SUITE 500, #947 NEW YORK NY 10001 Rule 13d-1(c) CORSAIR CAPITAL MANAGEMENT, L.P. a DE 0 941744 0 941744 941744 N 5.9 IA PN CORSAIR CAPITAL PARTNERS LP a DE 0 790602 0 790602 790602 N 4.9 PN Corsair Capital Partners 100 LP a DE 0 116660 0 116660 116660 N 0.7 PN Corsair Capital Investors Ltd a E9 0 34482 0 34482 34482 N 0.2 CO Jay Petschek a X1 0 941744 0 941744 941744 N 5.9 IN Steven Major a X1 0 941744 0 941744 941744 N 5.9 IN Cineverse Corp. 224 W. 35TH ST., SUITE 500, #947, NEW YORK, New York, 10001 The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Corsair Capital Partners, L.P. ("Corsair Capital") Corsair Capital Partners 100, L.P. ("Corsair 100") Corsair Capital Investors, Ltd ("Corsair Investors") Corsair Capital Management, L.P. ("Corsair Management") Jay R. Petschek ("Mr. Petschek") and Steven Major ("Mr. Major"). Corsair Management acts as the investment manager of Corsair Capital, Corsair 100, and Corsair Investors. Messrs. Petschek and Major are the controlling persons of Corsair Management. The principal business address for each of Corsair Capital, Corsair 100, Corsair Management, Mr. Petschek and Mr. Major is 18 East 48th Street, 20th Floor, New York, NY 10017. The principal business address for Corsair Investors is M&C Corporate Services Ltd, Box 309, George Town, Cayman Islands KY1-1104. Each of Corsair Capital, Corsair 100, and Corsair Management is a limited partnership formed under the laws of the State of Delaware. Corsair Investors is an exempted company formed under the laws of the Cayman Islands. Each of Mr. Petschek and Mr. Major is a citizen of the United States. Y Collectively, the Reporting Persons beneficially own 941,744 shares of Common Stock, including 83,333 shares of Common Stock underlying currently exercisable warrants. Corsair Capital individually owns 790,602 shares of Common Stock, including 69,193 shares of the Common Stock underlying currently exercisable warrants. Corsair 100 individually owns 116,660 shares of Common Stock, including 10,045 shares of the Common Stock underlying currently exercisable warrants. Corsair Investors individually owns 34,482 shares of Common Stock, including 4,095 shares of the Common Stock underlying currently exercisable warrants. Corsair Management, as the investment manager of each of Corsair Capital, Corsair 100, and Corsair Investors is deemed to beneficially own 941,744 shares of Common Stock. Mr. Petschek, as a controlling person of Corsair Management, is deemed to individually beneficially own 941,744 shares of Common Stock. Mr. Major, as a controlling person of Corsair Management, is deemed to individually beneficially own 941,744 shares of Common Stock. Collectively, the Reporting Persons beneficially own 941,744 shares of Common Stock representing 5.9% of all the outstanding shares of Common Stock based on the 15,979,558 outstanding shares of Common Stock as of February 11, 2025, as reported on the Issuer's Form 10-Q filed February 14, 2025, plus, with respect to each Reporting Person, the number of shares of Common Stock underlying currently exercisable warrants held by such Reporting Person as indicated in Item 4(a) above. The total number of shares of Common Stock underlying currently exercisable warrants held by the Reporting Persons in aggregate is 83,333. Corsair Capital's individual ownership of 790,602 shares of Common Stock, including 69,193 shares of Common Stock underlying currently exercisable warrants, represents 4.9% of all the outstanding shares of Common Stock. Corsair 100's individual ownership of 116,660 shares of Common Stock, including 10,045 shares of Common Stock underlying currently exercisable warrants, represents 0.7% of all the outstanding shares of Common Stock. Corsair Investors' individual ownership of 34,482 shares of Common Stock, including 4,095 shares of Common Stock underlying currently exercisable warrants, represents 0.2% of all the outstanding shares of Common Stock. Corsair Management's beneficial ownership of 941,744 shares of Common Stock represents 5.9% of all the outstanding shares of Common Stock. The 941,744 shares of Common Stock deemed to be beneficially owned by Mr. Petschek represents 5.9% of all the outstanding shares of Common Stock. The 941,744 shares of Common Stock deemed to be beneficially owned by Mr. Major represents 5.9% of all the outstanding shares of Common Stock. Not Applicable Corsair Capital, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 790,602 shares of common Stock owned by Corsair Capital. Corsair 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 116,660 shares of common Stock owned by Corsair 100. Capital Investors, Corsair Management, Mr. Petschek and Mr. Major have shared power to vote or direct the vote for 34,482 shares of common Stock owned by Corsair Investors. Not Applicable Corsair Capital, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 790,602 shares of common Stock owned by Corsair Capital. Corsair 100, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 116,660 shares of common Stock owned by Corsair 100. Capital Investors, Corsair Management, Mr. Petschek and Mr. Major have shared power to dispose or direct the disposition of the 34,482 shares of common Stock owned by Corsair Investors. Y Y Y N See Exhibit A and Exhibit B on the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on October 11, 2024. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. CORSAIR CAPITAL MANAGEMENT, L.P. /s/ Jay R. Petschek 05/15/2025 CORSAIR CAPITAL PARTNERS LP /s/ Jay R. Petschek 05/15/2025 Corsair Capital Partners 100 LP /s/ Jay R. Petschek 05/15/2025 Corsair Capital Investors Ltd /s/ Jay R. Petschek 05/15/2025 Jay Petschek /s/ Jay R. Petschek 05/15/2025 Steven Major /s/ Steven Major 05/15/2025