Cinedigm (CIDM) Announces $8 Million Registered Direct Offering of Common Stock

Cinedigm (NASDAQ: CIDM) (“Cinedigm” or the “Company”), today announced it has entered into definitive agreements with investors for the purchase and sale of 10,666,666 shares of its common stock at a purchase price of $0.75 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about May 22, 2020, subject to the satisfaction of customary closing conditions.

The Benchmark Company LLC and A.G.P./Alliance Global Partners are acting as co-lead placement agents for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-238183) previously filed with the U.S. Securities and Exchange Commission (the “SEC”).

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