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FOTV Media Networks Going Public

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.