 COS COB, Conn., Aug. 05, 2020 GLOBE NEWSWIRE -- Chicken Soup for the Soul Entertainment Inc. Nasdaq: CSSE the Company, one of the largest operators of streaming advertising-supported video-on-demand AVOD networks, today announced that the underwriters of its recent public offering of 9.50 Notes due 2025 Notes have partially exercised their over-allotment option by purchasing an additional 1.1 million principal amount of Notes. Closing of the partial exercise of the over-allotment option was completed today, generating net proceeds to the Company of 1,045,000 after deducting the Underwriters discounts, commissions and certain expenses. The Notes have been listed on the Nasdaq Capital Market and trade under the ticker symbol CSSEN. The Notes are not convertible into or exchangeable for any of the Companys other securities. Interest payments will be made quarterly in arrears on March 31, June 30, September 30, and December 31 each year, beginning September 30, 2020. The Company can redeem the Notes, in whole or in part, at any time on or after July 31, 2022 or upon a change of control at the redemption price of par plus accrued interest. The Notes are rated BBB by Egan-Jones Ratings Company.Ladenburg Thalmann Co. Inc. and National Securities Corporation, a wholly-owned subsidiary of National Holdings, Inc. Nasdaq: NHLD acted as joint book-running managers of the offering. The Benchmark Company and Northland Capital Markets, acted as lead managers.A registration statement on form S-1 SEC File No. 333-239198 Registration Statement relating to the Notes was filed with the U.S Securities and Exchange Commission the SEC and is effective and available on the SECs website at Copies of the final prospectus may be obtained electronically from the Securities and Exchange Commission at or from any of the underwriters, including the offices of:Ladenburg Thalmann Co. Attn: Syndicate Department 277 Park Avenue, 26th Floor New York, NY 10172 212-409-2000 Email: Securities Corporation Attn: Charles Wanyama 200 Vesey Street, 25th Floor New York, NY 10281 212-417-3634 Email: Benchmark Company, LLC Attn: Prospectus Department 150 E 58th Street, 17th floor New York, NY 10155 212-312-6700 Email: Capital Markets Attn: Heidi Fletcher 150 South Fifth Street, Suite 3300 Minneapolis, MN 55402 800-851-2920 Email: press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT Chicken Soup for the Soul Entertainment Inc. Nasdaq: CSSE operates streaming video-on-demand networks VOD. The Company owns a majority stake in Crackle Plus, a company formed with Sony Pictures Television, which owns and operates a variety of ad-supported and subscription-based VOD networks including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The Company also acquires and distributes video content through its Screen Media subsidiary and produces original long and short-form content through Landmark Studio Group, its Chicken Soup for the Soul Originals division and APlus.com. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super-premium pet food under the Chicken Soup for the Soul brand name. FORWARD-LOOKING STATEMENTS This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks including those set forth in the Registration Statement and uncertainties which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the companys expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Investors should realize that if our underlying assumptions for the projections contained herein prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections.INVESTOR RELATIONS Taylor Krafchik Ellipsis 646 776-0886 MEDIA CONTACT Kate Barrette RooneyPartners LLC 212 223-0561 