LOS
ANGELES, Nov. 5, 2024 /PRNewswire/ -- Cineverse
(NASDAQ: CNVS), an innovative streaming entertainment and
technology company, today announced that it has hired Rey
Puentenegra as Vice President, Corporate Controller. Leveraging
over 20 years of combined experience across the Industry, Audit and
Regulatory Sectors, Puentenegra will oversee all financial and
accounting functions across Cineverse's entire business. He will
manage day-to-day operations of the accounting department while
taking ownership of corporate accounting, regulatory and financial
reporting, audit preparation, and the continual development of
internal control policies and procedures. Puentenegra's appointment
is effective immediately, and he will report directly to
Mark Lindsey, Chief Financial
Officer of Cineverse.
For more than two decades, Puentenegra has been responsible for
financial and accounting management, SEC reporting and technical
accounting, IPO and SPAC consulting, and process systems
implementation and optimization across public and private
companies, Big 4 accounting firms, and the Public Company
Accounting Oversight Board (PCAOB). Prior to joining Cineverse,
Puentenegra served as Controller at YOUNGLA, a fitness and
lifestyle apparel e-commerce company, where he oversaw the finance
and accounting team as well as managed an outside accounting firm
and the company's primary banking relationship. He was responsible
for developing and implementing the initial finance operations
structure in addition to the company's Enterprise Resource
Planning. Throughout his career, Puentenegra has served in finance
and accounting roles for KPMG, PricewaterhouseCoopers (PwC),
Reading International, Global Eagle Entertainment, Corporate
Finance Group, XOS, and Spatial Genomics. As Inspections Specialist
at PCAOB, he inspected the audits of the Big 4 and mid-tier firms
in both the U.S. and foreign jurisdictions.
In connection with his joining the Company, Puentenegra received
stock appreciation rights (the "SARs") for 85,000 shares of
Cineverse's Class A Common Stock (the "Common Stock"), having a
ten-year term and an exercise price equal to $2.74, and vesting 1/3 on November 4 of each of 2025, 2026 and 2027. The
grant of SARs is an inducement grant pursuant to NASDAQ listing
Rule 5635(c)(4).
ABOUT CINEVERSE
On a mission to uplift storytellers and entertain fans with the
power of technology, Cineverse (NASDAQ: CNVS) distributes
over 71,000 premium films, series, and podcasts. Engaging over 150
million unique monthly users, Cineverse delivers more than one
billion minutes of curated content each month – connecting fans
with stories that resonate.
With properties like the box office sensation, Terrifier 3,
iconic horror destination, Bloody Disgusting, the Bob Ross Channel,
women's entertainment channel Dove, and a leading podcast network,
Cineverse is the first stop for audiences seeking authentic and
experiential content. From a vibrant lineup of titles and fandom
channels, to next-gen advertising offerings and streaming
solutions, Cineverse is setting the stage for a new era of
entertainment.
Contacts:
For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com
For Investors
Julie Milstead,
investorrelations@cineverse.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cineverse-appoints-rey-puentenegra-as-vice-president-corporate-controller-302296878.html
SOURCE Cineverse Corp.
