FreeCast, an integrated platform for video streaming services, submitted a new blank filing on Monday, disclosing plans to raise up to $23 million in an initial public offering. The company had previously filed for an IPO in February 2020; the offering was declared abandoned by the SEC this past September.
FreeCast is an entertainment-based content company that provides SmartGuide digital interactive technology for consumers to organize online media, similar to a traditional on-screen TV guide. The company licensed its technology to Telebrands, who distributed subscriptions under the brand Rabbit TV from 2012 until 2016, when FreeCast began offering its product directly to consumers under its own brand, SelectTV.
The Orlando, FL-based company was founded in 2011 and booked $1 million in sales for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol CAST. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
