Cinedigm Announces Closing of Underwritten Public Offering
(firmenpresse) - WOODLAND HILLS, CA and NEW YORK, NY -- (Marketwire) -- 04/25/12 -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in digital cinema, announced today it closed an underwritten public offering of 7,857,143 shares of common stock, including 714,286 shares pursuant to the underwriters' over-allotment option, at a price to the public of $1.40 per share. The Company plans to use the approximately $10.2 million in net proceeds for working capital, acquisitions and general corporate purposes.
In connection with the offering, B. Riley & Co., LLC acted as sole book-running manager, with Merriman Capital acting as co-manager.
Cinedigm is a leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. The Company partners with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, state of the art distributor and exhibition software, and marketing and distribution platform for alternative content and independent films are a cornerstone of the digital cinema transformation. Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Digital Cinema Corp
[CIDM-E]
Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cinedigm officials during presentations about Cinedigm, along with Cinedigm's filings with the Securities and Exchange Commission, including Cinedigm's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cinedigm's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cinedigm, its technology, economic and market factors and the industries in which Cinedigm does business, among other things. These statements are not guarantees of future performance and Cinedigm undertakes no specific obligation or intention to update these statements after the date of this release.
:
MBC
Maggie Begley
310-301-1785
Addo Communications
Patricia Dolmatsky/Kimberly Esterkin
310-829-5400
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 25.04.2012 - 21:18 Uhr
Sprache: Deutsch
News-ID 139338
Anzahl Zeichen: 0
contact information:
Town:
WOODLAND HILLS, CA and NEW YORK, NY
Kategorie:
Movies & Music Videos
Diese Pressemitteilung wurde bisher 244 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cinedigm Announces Closing of Underwritten Public Offering"
steht unter der journalistisch-redaktionellen Verantwortung von
Cinedigm Digital Cinema (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
