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Mandalay Digital Group Inc Closes $12 Million Underwritten Offering

Wednesday, 21 Aug 2013 03:43pm EDT 

Mandalay Digital Group Inc announced the closing of its previously announced underwritten public offering of common stock. The Company received net proceeds of approximately $11.2 million after deducting underwriting discounts and commissions and offering expenses. A total of 4,838,710 shares of common stock were issued at the closing. The Company has also granted the underwriter a 30-day option to purchase up to an additional 725,806 shares of common stock to cover over-allotments, if any. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc acted as the sole book-runner for the transaction. 

Company Quote

-0.51 -0.80%
22 Aug 2014