Eros STX Global Corporation Announces Further Details of Merger and Equity Financings in 6-K Filing

DOUGLAS, Isle of Man & BURBANK, Calif.--(BUSINESS WIRE)--Eros STX Global Corporation (NYSE:EROS), or “The Company”, announced on July 30, 2020 that its merger with STX Entertainment and $110 million of equity financing transactions had been completed. The Company issued a total of 35,135,334 of its A Ordinary Shares in the equity financings for total proceeds of $110,387,500, for an average price of $3.14 per Eros A Ordinary Share, which represents a 60% premium over the closing price of $1.96 for Eros A Ordinary Shares on April 16, 2020, the day before Eros publicly announced its entry into the Merger Agreement.