Key Developments For Majesco Entertainment Company
Majesco Entertainment Company (COOL.O) (Consolidated Issue listed on NASDAQ Capital Market)
Majesco Entertainment Co. Closes $9.6 Million Registered Direct Offering of Common Stock
Majesco Entertainment Co. announced that it has closed its previously announced registered direct offering of 6.420 million shares of common stock at a purchase price of $1.50 per share to select institutional investors. The Company raised approximately $9.6 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses. Roth Capital Partners served as the sole placement agent for the offering and Bond Lane Partners served as financial advisor.
Majesco Entertainment Co. To Raise $9.6 Million In Registered Direct Offering
Majesco Entertainment Co. announced that it has entered into definitive agreements to raise approximately $9.63 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses, in a registered direct offering with select institutional investors. The offering includes the sale and issuance of 6.420 million shares of the Company's common stock, at a purchase price of $1.50 per share. The shares were offered and sold pursuant to a prospectus supplement dated September 17, 2009 and an accompanying prospectus dated August 28, 2009, pursuant to the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission. Roth Capital Partners served as the sole placement agent for the offering. Bond Lane Partners served as financial advisor. The sale is expected to close on or about September 22, 2009.
Majesco Entertainment Co. Raises FY 2009 Revenue Outlook; Reiterates FY 2009 EPS Outlook
Majesco Entertainment Co. increased its outlook for fiscal 2009 net revenue to $85 to $90 million from its previous outlook provided on June 15, 2009, of fiscal 2009 net revenue of $80 to $85 million. The Company expects non-GAAP earnings per share to be between $0.10 and $0.14 for the fiscal 2009. The Company's guidance assumes the release of approximately 37 SKUs in 2009, including 18 DS and 12 Wii. According to Reuters Estimates, analysts were expecting the Company to report revenues of $87 million and EPS of $0.14 for fiscal 2009.
Majesco Entertainment Co. Partners With Tetris Online, Inc. to Bring Two New 'TETRIS' Video Games to Market
Majesco Entertainment Co. announced a strategic partnership with Tetris Online, Inc. to support the North American launch and distribution of two new TETRIS games for Wii and Nintendo DS. Both games are expected to launch in spring 2010.
Majesco Entertainment Co. Partners With Zumba Fitness LLC To Bring Upcoming 'Zumba' Video Games To Market
Majesco Entertainment Co. and Zumba Fitness LLC announced a partnership to bring the Zumba fitness experience to video games. The first Zumba game will release holiday 2010.
