Key Developments: YOU On Demand Holdings Inc (YOD.PH)
2.10USD
14 May 2013
$0.60 (+40.00%)
$1.50
$2.10
$2.10
$2.10
400
14
$3.70
$1.15
Latest Key Developments (Source: Significant Developments)
YOU On Demand Holdings Inc Raises $3.6 Million In Private Placement
YOU On Demand Holdings Inc announced that it has closed on a private placement with both institutional and accredited investors. The Company received gross proceeds of $3,585,000 through the sale of 646,250 Class A units and 250,000 Class B units, each at $4.00 per unit. Each Class A unit consists of one share of common stock and one five-year warrant to purchase one share of common stock at $4.25. Each Class B unit consists of one share of preferred stock convertible into one share of common stock at $4.00 and one five-year warrant to purchase one share of common stock at $4.25. YOU On Demand intends to use the proceeds from the financing for the continued development of its national Pay-Per-View and Video On Demand platform in China, marketing and promotions, and general corporate purposes. Full Article
YOU On Demand Holdings Inc Completes Deal With Miramax For Video On Demand In China
YOU On Demand Holdings Inc announced that it has signed a deal with Miramax to distribute films from its renowned library for Transactional Video On Demand (TVOD). Full Article
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