$CIDM 10,666,666 The Benchmark Company announced the closing on May 22nd of a Registered Direct Offering of 10,666,666 shares of common stock of Cinedigm Corp. (CIDM) at a purchase price of $.75 per share priced at-the-market under Nasdaq rules for gross proceeds of $8 million.
Cinedigm intends to use the net proceeds from the offering for general corporate purposes.
The Benchmark Company LLC and A.G.P./Alliance Global Partners acted as co-lead placement agents for the offering.
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