TV Channels Network, which is developing an entertainment streaming platform, filed on Friday with the SEC to raise up to $6 million in an initial public offering.
The Las Vegas, NV-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, TV Channels Network would command a market value of $196 million.
TV Channels Network intends to offer 100 Live Linear Concert Channels, Video on Demand, and various Live TV Channels as an AVOD/TVOD Service. The company currently has limited revenue-producing operations, and has not generated any revenues to date.
TV Channels Network was founded in 2022 and plans to list on the Nasdaq under the symbol TVCN. Craft Capital Management is the sole bookrunner on the deal.
