Cinedigm Digital (CIDM) Announces 6M Common Offering
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Cinedigm Digital Cinema Corp. (Nasdaq: CIDM) intends to offer and sell in an underwritten public offering 6,000,000 registered shares of Class A common stock. Additionally, the Company intends to grant the underwriters an option for 30 days to purchase up to 900,000 additional shares of Class A common stock.
The Company expects to use the net proceeds of the offering for working capital, acquisitions and general corporate purposes.
The Company expects to use the net proceeds of the offering for working capital, acquisitions and general corporate purposes.
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