ORIONS Money Stocks

[AugustaFriends]

$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.