Loop Media, Inc.
(Note: This is NOT an IPO. This is an NYSE – American uplisting from the Pink Open Market of the OTC Markets Group Inc. **Note: On the Pink Open Market, Loop Media’s stock traded under the symbol “LPTV” and its last reported sale price on Sept. 15, 2022, was $2.75 per share (the price before the anticipated reverse stock split), according to the prospectus.)
**(Note: “In connection with this offering, on Sept. 20, 2022, we effected a one-for-three reverse stock split pursuant to which every three shares of our common stock were reclassified as one share of common stock. Unless otherwise indicated, the share and per share information in this prospectus is adjusted to reflect the reverse stock split.” – S-1/A filing dated Sept. 20, 2022)
We are a multichannel digital video platform media company that uses marketing technology, or “MarTech,” to generate our revenue and offer our services. Our technology and vast library of videos and licensed content enable us to curate and distribute short-form videos to out-of-home (“OOH”) dining, hospitality, retail and other locations and venues to enable them to inform, entertain and engage their customers. Our technology provides third-party advertisers with a targeted marketing and promotional tool for their products and services and, in certain instances, allows us to measure the number of potential viewers of such advertising and promotional materials. We also allow OOH customers to access our service without advertisements by paying a monthly subscription fee. In addition to providing services to OOH venue operators, we currently provide our services direct to consumers (“D2C”) in their homes on connected TVs (“CTVs”) and on their mobile devices.
We offer self-curated music video content licensed from major and independent record labels, as well as movie, television and video game trailers, kid-friendly videos, viral videos, drone footage, news headlines, and lifestyle and atmospheric channels. We distribute our content and advertising inventory to OOH locations primarily through (i) our owned and operated platform (“O&O Network”) of Loop Media-designed “small-box” streaming Android media players (“Loop Players”) and legacy ScreenPlay computers and (ii) through screens on digital networks owned and operated by third parties (“Partner Network”, and together with the O&O Network, the “Loop Network”). We moved to an advertising-based model and ramped up distribution of Loop Players for our O&O Network starting in early 2021.
**Note: Revenue and net loss figures in this IPO Profile (see the chart below) are for the nine months that ended on June 30, 2022. (S-1/A filing dated Sept. 19, 2022)
(Note: Loop Media, Inc. priced its public offering on Sept. 21, 2022, in line with the terms in its prospectus – 2.4 million shares at $5.00 each to raise $12.0 million – and announced its uplisting to the NYSE-American exchange. Loop Media’s stock will start trading on the NYSE-American under the symbol “LPTV” on Sept. 22, 2022. Loop Media revised the terms for its NYSE-American uplisting in an S-1/A filing dated Sept. 19, 2022, by cutting the number of shares to 2.4 million shares, down from 4.43 million shares, and raising the IPO price to a range of $4.50 to $5.50 – up from $2.75, the stock’s last sale price on Sept. 15, 2022, on the OTC Pink Market. **As of Sept. 19, 2022: The assumed IPO price is $5.00, the mid-point of the new range, and at 2.4 million shares, this public offering (uplisting) would raise $12.0 million. **Looking back: Loop Media first disclosed terms for its public offering (NYSE – American uplisting) in an S-1/A filing dated July 21, 2022. The deal was expected to price on Aug. 3, 2022, but it was delayed. The S-1 was filed on Jan. 28, 2022.)
|Industry:||SERVICES-HELP SUPPLY SERVICES|
|Address||700 N. Central Ave., Suite 430 Glendale, CA 91203|
|Phone Number||(213) 436-2100|
|View Prospectus:||Loop Media, Inc.|
|Revenues||$18.68 mil (last 12 months)|
|Net Income||$-14.92 mil (last 12 months)|
|Exchange||NYSE - American|
|Price range||$5.00 - $5.00|
|Est. $ Volume||$12.0 mil|
|Manager / Joint Managers||Roth Capital Partners|
|Expected To Trade:||9/22/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|