CAST News & Events

FreeCast announced that it has entered into securities purchase agreements with new institutional and existing long term investors for the purchase and sale of 4,666,667 shares of its Class A common stock and pre-funded warrants to purchase 3,243,807 shares of Common Stock in a private placement transaction. The pre-funded warrants have an exercise price of $0.0001 per share, will be exercisable immediately following receipt of shareholder approval and do not expire until the pre-funded warrant is exercised. The gross proceeds from the offering are expected to be approximately $23.7M, before deducting placement agent fees and other estimated offering expenses. The closing of the offering is expected to occur on or about July 2. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.

FreeCast announced that it has signed an agreement with WIRE3 to deliver a customized streaming entertainment platform for WIRE3 subscribers. In addition to serving residential and business customers, WIRE3 will participate as a FreeCast MDU partner, enabling apartment communities, condominiums, student housing, senior living communities, mixed-use developments, and other multi-tenant properties served by WIRE3's fiber network to offer a branded streaming entertainment experience alongside high-speed broadband services. Under the agreement, FreeCast will provide its white-label Platform-as-a-Service solution, enabling WIRE3 to offer an integrated streaming entertainment experience under its own brand. The platform is designed to unify free streaming television, premium streaming services, live channels, on-demand programming, and additional digital media services into a single user experience across connected televisions, smartphones, tablets, and web browsers.

Freecast Inc trading halted, volatility trading pause