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Cinedigm to price public offering of class A stock via Piper Jaffray
Proceeds to be used for working capital, potential future acquisitions
By Angela McDaniels
Tacoma, Wash., March 19 - Cinedigm Corp. plans to price a public offering of class A common stock.
Piper Jaffray & Co. is the underwriter. It will be granted an over-allotment option, according to a 424B2 filing with the Securities and Exchange Commission.
Proceeds will be used for working capital, to fund potential future acquisitions and for other general corporate purposes.
The company's stock closed at $3.16 (Nasdaq: CIDM) on March 19.
New York-based Cinedigm distributes independent movie, television and other short-form content.
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