FOTV Media Networks is going public with an initial offering of 2.5 million to 3.75 million shares at an opening price of $8 each.

FOTV comprises online streamer FilmOn.TV Networks, virtual reality/holographic image company Hologram USA, transactional VOD arm CinemaNow and online content guide OvGuide.

Related: FilmOn Reels in CinemaNow

Monarch Bay Securities LLC and Network 1 Financial Securities Inc. are underwriting the initial public offering (IPO).

FOTV said it expects to close the offering next month, subject to commitments to the 2.5 million shares minimum.

The SEC signed off on the IPO registration statement Aug. 12, FOTV said.

Online video distributor FOTV TV Networks (Film On TV and CinemaNow) is expanding its online streaming footprint with the purchase of video portal OVGuide Inc.

OvGuide was launched in 2007 and allows browsers to search for videos across various platforms, including 10,000 ad-supported movies and TV shows, as well as short-form content.

FOTV says OVGuide also has millions of downloads of its video app on Android and iOS platforms, as well as a 19 Roku channels.

Sounding like FCC Chairman Tom Wheeler pushing his competitive navigation device proposal, FOTV says OVGuide's goal is to put surfers "one click away from virtually any digitally distributed movie or TV show, including ad-suported VOD and services from Amazon Prime, HBO Go and iTunes."

“With OVGuide, the FilmOn ecosystem expands to offer everything the consumer could want,” said FOTV CEO Alki David in announcing the addition of OVGuide to its FilmOn platform.

FilmOn says it has big plans for OvGuide through strategic partners such as Lenovo and expanding the distribution of original content, including films, talk shows and holographic content.