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Cinedigm Corp prices public offering of common stock


Thursday, 20 Mar 2014 09:10am EDT 

Cinedigm Corp:Prices underwritten public offering of 10,200,000 shares of Class A common stock at a price per share of $2.70.Company has granted underwriter option for 30 days to purchase up to 1,530,000 additional shares of Class A common stock to cover over-allotments, if any.Company plans to use the about $25.7 mln in net proceeds for working capital, to fund potential future acquisitions and other general corporate purposes.Offering is expected to close on March 25.Piper Jaffray & Co. is acting as sole manager. 

Company Quote

1.81
-0.19 -9.50%
19 Sep 2014