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fuboTV Announces Launch of Public Offering on New York Stock Exchange
[October 01, 2020]

fuboTV Announces Launch of Public Offering on New York Stock Exchange


fuboTV Inc. (OTCQB: FUBO), the leading sports-first live TV streaming platform, today announced the launch of its public offering of 15,000,000 shares of common stock.

The offering consists of 15,000,000 shares of common stock offered by fuboTV. The underwriters will have a 30-day option to buy an additional 2,250,000 shares of common stock from fuboTV at the public offering price, less underwriting discounts and commissions. The public offering price is currently expected to be between $9.00 and $11.00 per share. fuboTV intends to list its common stock on the New York Stock Exchange (NYSE) the day after pricing under the ticker symbol "FUBO."

Evercore ISI (News - Alert) is acting as the lead book-running manager for the proposed offering. BMO Capital Markets Corp., Needham & Company and Oppenheimer & Co. are acting as additional joint bookrunners for the proposed offering. Roth Capital Partners and Wedbush Securities are acting as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to the proposed offering, when available, may be obtained from any of the following sources: Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, or by telephone at (888) 474-0200, or by email at ecm.prospectus@evercore.com.

A registration statement on Form S-1 relating to these securities has been filed with the SEC (News - Alert) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawfl prior to registration or qualification under the securities laws of any such state or jurisdiction.



About fuboTV

fuboTV (OTCQB: FUBO) is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. fuboTV's base package, fubo Standard, features a broad mix of 100+ channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49).


Continually innovating to give subscribers a premium viewing experience they can't find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K.

fuboTV merged with FaceBank Group in April 2020 to create a leading digital entertainment company, combining fuboTV's direct-to-consumer live TV streaming platform for cord-cutters with FaceBank's technology-driven IP in sports, movies and live performances.

Forward-Looking Statements

This letter contains forward-looking statements. These forward-looking statements involve substantial risks and uncertainties. The words "could," "will," "plan," "intend," "anticipate," "approximate," "expect," "potential," or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ from those expressed in these forward-looking statements, and these differences may be material and adverse.

We have based the forward-looking statements contained in this release primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations, strategy, short- and long-term business operations, prospects, business strategy and financial needs. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, (i) market conditions and global economic factors beyond our control, including the potential adverse effects of the ongoing global COVID-19 pandemic on our business and results of operations, on live sports and entertainment and on the global economic environment, (ii) risks related to the combined entity's access to capital and fundraising prospects to fund its ongoing operations and its ability to continue as a "going concern", (iii) our ability to effectively compete in the live streaming, entertainment and gaming industries, (iv) our ability to successfully integrate new operations, and (v) our ability to maintain and expand our content offerings.

Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our periodic filings with the Securities and Exchange Commission and we encourage you to read such risks in detail. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this letter.


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