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Mandalay Digital Group Inc Prices $12 Million Underwritten Offering


Friday, 16 Aug 2013 08:39am EDT 

Mandalay Digital Group Inc and its subsidiaries (collectively, Mandalay Digital or the Company) announced that it has priced an underwritten public offering of shares of common stock at a public offering price of $2.48 per share for gross proceeds of approximately $12 million, prior to deducting underwriting discounts and commissions and offering expenses payable by the Company. The Company have 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. The offering is expected to close on or about August 21, 2013, subject to satisfaction of customary closing conditions. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., served as the sole book-running manager in connection with the offering. 

Company Quote

90.77
-1.85 -2.00%
31 Jul 2014