Cinedigm (CIDM) Announces 5.6M Class A Share Registered Direct Offering at $1.25/Sh
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Cinedigm (NASDAQ: CIDM) today announced it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 5,600,000 shares of its Class A common stock at a purchase price of $1.25 per share in a registered direct offering. The closing of the offering is expected to occur on or about February 5, 2021, subject to the satisfaction of customary closing conditions.
The Benchmark Company LLC is acting as the sole placement agent for the offering. A.G.P./Alliance Global Partners is acting as a financial advisor in connection with the offering.
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