Benzinga | Feb 3, 2021 08:39AM EST

Cinedigm Corp. Announces $7M Registered Direct Offering; 5.6M Shares At $1.25/Share

LOS ANGELES, CA / ACCESSWIRE / February 3, 2021 / Cinedigm (NASDAQ:CIDM) ("Cinedigm" or the "Company"), 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.