Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

(Amendment No.)*

 

Under the Securities Exchange Act of 1934

 

Chicken Soup for the Soul Entertainment, Inc.

(Name of Issuer)
 

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)
 

16842Q100

(CUSIP Number)
 
August 11, 2022
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

1  NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  Redwood Holdco, LP
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

 

 

 

6 

shared voting power

 

2,850,990

 

7 

sole dispositive power

 

 

 

8 

shared dispositive power

 

2,850,990

9

aggregate amount beneficially owned by each reporting person

 

  2,850,990
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11 

percent of class represented by amount in row (9)

 

  24.1%
12 

type of reporting person (See Instructions)

 

  PN

  

Page 2 of 18

 

 

1  NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  Redwood Holdco GP, LLC
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

 

 

 

6 

shared voting power

 

2,850,990

 

7 

sole dispositive power

 

 

 

8 

shared dispositive power

 

2,850,990

9

aggregate amount beneficially owned by each reporting person

 

  2,850,990
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11 

percent of class represented by amount in row (9)

 

  24.1%
12 

type of reporting person (See Instructions)

 

  OO

  

Page 3 of 18

 

 

1  NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  New Outerwall, Inc.
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

 

 

 

6 

shared voting power

 

2,850,990

 

7 

sole dispositive power

 

 

 

8 

shared dispositive power

 

2,850,990

9

aggregate amount beneficially owned by each reporting person

 

  2,850,990
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11 

percent of class represented by amount in row (9)

 

  24.1%
12 

type of reporting person (See Instructions)

 

  CO

  

Page 4 of 18

 

 

1  NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  AP VIII Aspen Holdings, L.P.
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

 

 

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

 

 

 

8 

shared dispositive power

 

3,354,933

9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  PN

  

Page 5 of 18

 

 

1  NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  AP VII Aspen Holdings GP, LLC
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

 

 

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

 

 

 

8 

shared dispositive power

 

3,354,933

9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  OO

 

Page 6 of 18

 

 

 

1  Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  Apollo Management VIII, L.P.
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

 

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

  

 

8 

shared dispositive power

 

3,354,933
9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  PN

 

Page 7 of 18

 

  

1  Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  AIF VIII Management, LLC
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

  

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

  

 

8 

shared dispositive power

 

3,354,933
9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  OO

 

Page 8 of 18

 

   

1  Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  Apollo Management, L.P.
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

  

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

  

 

8 

shared dispositive power

 

3,354,933
9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  PN

 

Page 9 of 18

 

 

   

1  Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  Apollo Management GP, LLC
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

  

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

  

 

8 

shared dispositive power

 

3,354,933
9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  OO

 

Page 10 of 18

 

     

1  Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  Apollo Management Holdings, L.P.
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

  

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

  

 

8 

shared dispositive power

 

3,354,933
9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

& #xA0;

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  PN

 

Page 11 of 18

 

 

     

1  Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  Apollo Management Holdings GP, LLC
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2   (a) ¨
    (b) ¨
3  SEC USE ONLY
   
4  CITIZENship or place of organization
  Delaware
NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:

 

5 

sole voting power

  

 

6 

shared voting power

 

3,354,933

 

7 

sole dispositive power

  

 

8 

shared dispositive power

 

3,354,933
9

aggregate amount beneficially owned by each reporting person

 

  3,354,933
10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11 

percent of class represented by amount in row (9)

 

  28.4%
12 

type of reporting person (See Instructions)

 

  OO

  

Page 12 of 18

 

 

 

Item 1. (a) Name of Issuer

 

Chicken Soup for the Soul Entertainment, Inc.

 

(b)Address of Issuer’s Principal Executive Offices

 

132 East Putnam Avenue, Floor 2W

Cos Cob, CT 06807

 

Item 2.(a) Name of Person Filing

 

This statement is filed by (i) Redwood Holdco, LP (“Redwood”); (ii) Redwood GP, LLC (“Redwood GP”); (iii) New Outerwall, Inc. (“New Outerwall”); (iv) AP VIII Aspen Holdings, L.P. (“Aspen Holdings”); (v) AP VIII Aspen Holdings GP, LLC (“Aspen GP”); (vi) Apollo Management VIII, L.P. (“Management VIII”); (vii) AIF VIII Management, LLC (“AIF VIII”); (viii) Apollo Management, L.P. (“Apollo Management”); (ix) Apollo Management GP, LLC (“Management GP”); (x) Apollo Management Holdings, L.P. (“Management Holdings”); and (xi) Apollo Management Holdings GP, LLC (“Management Holdings GP”). The foregoing are collectively referred to herein as the “Reporting Persons.”

 

Redwood and Aspen Holdings each hold securities of the Issuer.

 

The general partner of Redwood is Redwood GP. New Outerwall is the sole limited partner of Redwood and the sole member of Redwood GP. New Outerwall is an indirect majority owned subsidiary of Aspen Holdings. The general partner of Aspen Holdings is Aspen GP and Management VIII is the sole member of Aspen GP. AIF VIII serves as the general partner of Management VIII. Apollo Management serves as the sole member and manager of AIF VIII and Management GP serves as the general partner of Apollo Management. Management Holdings serves as the sole member and manager of Management GP. Management Holdings GP serves as the general partner of Management Holdings.

 

(b)Address of Principal Business Office or, if none, Residence

 

The principal address of each of Redwood, Redwood GP, and New Outerwall is One Manhattanville Road, Suite 201, Purchase, New York 10577. The principal address of each of Aspen Holdings, Aspen GP, Management VIII, AIF VIII, Apollo Management, Management GP, Management Holdings, and Management Holdings GP is 9 W. 57th Street, 43rd Floor, New York, New York 10019.

 

(c)Citizenship

 

Redwood, Aspen Holdings, Management VIII, Apollo Management, and Management Holdings are each a Delaware limited partnership. New Outerwall is a Delaware corporation. Redwood GP, Aspen GP, AIF Management, Management GP, and Management Holdings GP are each a Delaware limited liability company.

 

(d)Title of Class of Securities

 

Class A Common Stock, par value $0.0001 per share (“Common Stock”)

 

(e)CUSIP Number

 

16842Q100

 

Page 13 of 18

 

 

Item 3.If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 

Item 4. Ownership.

 

(a)Amount beneficially owned:

 

  Redwood 2,850,990  
  Redwood GP 2,850,990  
  New Outerwall 2,850,990  
  Aspen Holdings 3,354,933  
  Aspen GP 3,354,933  
  Management VIII 3,354,933  
  AIF VIII 3,354,933  
  Apollo Management 3,354,933  
  Management GP 3,354,933  
  Management Holdings 3,354,933  
  Management Holdings GP 3,354,933  

 

In the aggregate, the Reporting Persons beneficially own 3,354,933 shares of Common Stock. The number of shares of Common Stock reported as beneficially owned in this Schedule 13G is as of August 11, 2022.

 

Redwood and Aspen Holdings each disclaim beneficial ownership of all shares of the Common Stock included in this report other than the shares of Common Stock held of record by such Reporting Person, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or for any other purpose. The other Reporting Persons, and Messrs. Marc Rowan, Scott Kleinman and James Zelter, the managers, as well as executive officers, of Management Holdings GP, each disclaim beneficial ownership of all shares of Common Stock included in this report, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Exchange Act or for any other purpose.

 

(b)Percent of class:

 

  Redwood 24.1%  
  Redwood GP 24.1%  
  New Outerwall 24.1%  
  Aspen Holdings 28.4%  
  Aspen GP 28.4%  
  Management VIII 28.4%  
  AIF VIII 28.4%  
  Apollo Management 28.4%  
  Management GP 28.4%  
  Management Holdings 28.4%  
  Management Holdings GP 28.4%  

 

Page 14 of 18

 

  

The percentages are based on 7,394,758 shares of Common Stock outstanding as of August 10, 2022, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 12, 2022, and 4,436,221 shares of Common Stock issued on August 11, 2022, as reported in the Issuer’s Form 8-K/A filed with the Securities and Exchange Commission on August 15, 2022.

 

(c)Number of shares as to which the person has:

 

(i)Sole power to vote or to direct the vote:

 

  0 for all Reporting Persons

 

(ii)Shared power to vote or to direct the vote:

 

  Redwood 2,850,990  
  Redwood GP 2,850,990  
  New Outerwall 2,850,990  
  Aspen Holdings 3,354,933  
  Aspen GP 3,354,933  
  Management VIII 3,354,933  
  AIF VIII 3,354,933  
  Apollo Management 3,354,933  
  Management GP 3,354,933  
  Management Holdings 3,354,933  
  Management Holdings GP 3,354,933  

 

(iii)Sole power to dispose or to direct the disposition of:

 

  0 for all Reporting Persons

 

(iv)Shared power to dispose or to direct the disposition of:

 

  Redwood 2,850,990  
  Redwood GP 2,850,990  
  New Outerwall 2,850,990  
  Aspen Holdings 3,354,933  
  Aspen GP 3,354,933  
  Management VIII 3,354,933  
  AIF VIII 3,354,933  
  Apollo Management 3,354,933  
  Management GP 3,354,933  
  Management Holdings 3,354,933  
  Management Holdings GP 3,354,933  

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ¨

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Page 15 of 18

 

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 

Not applicable.

 

Item 8.Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9.Notice of Dissolution of Group.

 

Not applicable.

 

Item 10.Certification.

 

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

[The remainder of this page intentionally left blank.]

 

Page 16 of 1 8

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: August 19, 2022

 

  REDWOOD HOLDCO, LP

 

By:/s/ James Elworth
Name:James Elworth
Title:Secretary

 

  REDWOOD HOLDCO GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Secretary

 

  NEW OUTERWALL, INC.

 

By:Aspen Parent, Inc.,
  its sole stockholder

 

By:AP VIII Aspen Holdings, L.P.,
  the majority holder of its Class A shares

 

By:AP VIII Aspen Holdings GP, LLC,
  its general partner

 

   By:/s/ James Elworth
   Name:James Elworth
   Title:Vice President

 

  AP VIII ASPEN HOLDINGS, L.P.

 

By:AP VIII Aspen Holdings GP, LLC,
  its general partner

 

   By:/s/ James Elworth
   Name:James Elworth
   Title:Vice President

 

  AP VIII ASPEN HOLDINGS GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

Page 17 of 18

 

 

  APOLLO MANAGEMENT VIII, L.P.

 

By:AIF VIII Management, LLC,
  its general partner

 

 By:/s/ James Elworth
 Name:James Elworth
 Title:Vice President

 

  AIF VIII MANAGEMENT, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

  APOLLO MANAGEMENT, L.P.

 

By:Apollo Management GP, LLC,
  its general partner

 

 

 By:/s/ James Elworth
 Name:James Elworth
 Title:Vice President
  APOLLO MANAGEMENT GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

  APOLLO MANAGEMENT HOLDINGS, L.P.

 

By:Apollo Management Holdings GP, LLC,
  its general partner

 

  By:/s/ James Elworth
  Name:James Elworth
  Title:Vice President

 

  APOLLO MANAGEMENT HOLDINGS GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

Page 18 of 18

 

 

EXHIBIT 1

 

JOINT FILING AGREEMENT 

Chicken soup for the soul entertainment, inc.

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to the joint filing on behalf of them of the Statement on Schedule 13G and any and all further amendments thereto, with respect to the securities of the above referenced issuer, and that this Agreement be included as an Exhibit to such filing.  This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of August 19, 2022.

 

  REDWOOD HOLDCO, LP

 

By:/s/ James Elworth
Name:James Elworth
Title:Secretary

 

  REDWOOD HOLDCO GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Secretary

 

  NEW OUTERWALL, INC.

 

By:Aspen Parent, Inc.,
  its sole stockholder

 

By:AP VIII Aspen Holdings, L.P.,
  the majority holder of its Class A shares

 

By:AP VIII Aspen Holdings GP, LLC,
  its general partner

 

 By:/s/ James Elworth
 Name:James Elworth
 Title:Vice President

 

  AP VIII ASPEN HOLDINGS, L.P.

 

By:AP VIII Aspen Holdings GP, LLC,
  its general partner

 

 By:/s/ James Elworth
 Name:James Elworth
 Title:Vice President

 

Page 1 of 3

 

  AP VIII ASPEN HOLDINGS GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

 

  APOLLO MANAGEMENT VIII, L.P.
By:AIF VIII Management, LLC,
  its general partner

 

 By:/s/ James Elworth
 Name:James Elworth
 Title:Vice President

 

  AIF VIII MANAGEMENT, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

  APOLLO MANAGEMENT, L.P.

 

By:Apollo Management GP, LLC,
  its general partner

 

 By:/s/ James Elworth
 Name:James Elworth
 Title:Vice President

 

  APOLLO MANAGEMENT GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

  APOLLO MANAGEMENT HOLDINGS, L.P.

 

By:Apollo Management Holdings GP, LLC,
  its general partner

 

 By:/s/ James Elworth
 Name:James Elworth
 Title:Vice President

 

Page 2 of 3

 

  APOLLO MANAGEMENT HOLDINGS GP, LLC

 

By:/s/ James Elworth
Name:James Elworth
Title:Vice President

 

Page 3 of 3