Cinedigm Digital (CIDM) Announces Common Stock Offering

Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) announced today it intends to offer and sell, in an underwritten public offering, registered shares of Class A common stock, including a grant to the underwriters of an option for 45 days to purchase additional shares of Class A common stock.

The Company expects to use the net proceeds of the offering for the acquisitions of library and film content, marketing and distribution expenses related to their growing slate of films prior to home entertainment recoupment, creating over-the-top channels, and for general corporate purposes.

In connection with the offering, National Securities Corporation is acting as the sole book running manager, with Merriman Capital acting as co-manager of the offering. B. Riley & Co. is acting as financial advisor to the Company on the proposed offering.

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