Deals

Cinedigm Closes $27.5M CMPO at 15% Discount via Piper Jaffray

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Cinedigm Corporation (CIDM) announced that it has raised $27,540,000 in a CMPO/Overnight transaction. The common stock was sold at $2.70 per share, an approximate 15% discount to the market price ($3.16) of CIDM at deal announcement. Piper Jaffray & Co. acted as Sole Book-Running Manager on the transaction. Underwriter counsel was Paul Hastings LLP and issuer counsel was Kelley Drye & Warren.

Deals

Mandalay Digital Closes $17.4M CMPO via Ladenburg, Craig-Hallum

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Mandalay Digital Group, Inc. (MNDL) announced that it has raised $17,404,500 in a CMPO/Overnight transaction. The common stock was sold at $4.10 per share, an approximate 11% discount to the market price ($4.63) of MNDL at deal announcement. Ladenburg Thalmann acted as Sole Book-Runner with Craig-Hallum Capital Group acting as Co-Manager on the transaction. Underwriter counsel was Ellenoff Grossman & Schole and issuer counsel was Manatt, Phelps & Phillips. The transaction is expected to close by 03/07/2014.

Deals

MeeMee Media Raises $1M in Equity-linked Notes from KF Business Ventures

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MeeMee Media, Inc. (MEME) announced that it has raised $1,000,000 in a Non-Convertible Secured Promissory Notes transaction. The securities accrue interest at a rate of 12%. A series of 3,000,000 60-Month Warrants with an exercise price of $0.50 per share (15.11% discount) was issued to the investors in this transaction. The investor was KF Business Ventures LP. The transaction closed on February 12, 2014.