Strong Global Entertainment, a maker of premium projection screens being spun out of Ballantyne Strong, filed on Thursday with the SEC to raise up to $16 million in an initial public offering.
Strong Global Entertainment manufactures and distributes premium large format projection screens, provides comprehensive managed services, technical support, and related products and services primarily to cinema exhibitors, theme parks, educational institutions, and similar venues. The company has contractual relationships to supply projection screens and coatings to IMAX, AMC, Cinemark, along with other cinema operators worldwide. Other products include projectors, servers, audio systems, and other third-party products including lenses and lamps to customers in North and South America.
The Charlotte, NC-based company booked $26 million in revenue for the 12 months ended December 31, 2021. It plans to list on the NYSE American under the symbol SGE. Strong Global Entertainment filed confidentially on November 12, 2021. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.
