Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00
Provider: Wright Reports
$75.00
Provider: Reuters Investment Profile
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

YOU On Demand Holdings Inc Enters Into Series D Preferred Stock Purchase Agreement With C Media Limited; Announces Appointment Of CEO-Form 8-K


Thursday, 11 Jul 2013 04:32pm EDT 

YOU On Demand Holdings Inc reported in its Form 8-K that on July 5, 2013, YOU On Demand Holdings, Inc. (Company) entered into a Series D Preferred Stock Purchase Agreement with C Media Limited (Investor), pursuant to which the Company sold to the Investor 2,285,714 shares of Series D 4% Convertible Preferred Stock of the Company for $1.75 per share, or a total purchase price of $4,000,000. In connection with the sale of the Series D Preferred Stock, the Company and the Investor agreed to act in good faith and with fair dealing to finalize an agreement, on or before October 31, 2013, for an additional investment of between $12 million and $21 million of a new class of preferred stock of the Company. Chardan Capital Markets LLC (Chardan) acted as agent for the Company in connection with the offering, and received a cash fee from the proceeds of the offering equal to $318,000 and warrants to purchase an aggregate of 228,571 shares of the Company’s common stock at $1.75 per share. Simultaneous with closing of the sale of Series D Preferred Stock pursuant to the Purchase Agreement, Mr. Weicheng Liu was appointed as the Company’s Chief Executive Officer (CEO). Mr. McMahon, who resigned from acting as Chief Executive Officer (CEO) of the Company, will continue to serve as the Company’s principal executive officer of and Chairman of the Board. 

Latest Developments for YOU On Demand Holdings Inc

Company Quote

2.01
-0.03 -1.47%
12:37pm EDT