KIT digital plans public stock sale; Canaccord Genuity is bookrunner

Deal proceeds will be used to fortify balance sheet and repay debt

By Devika Patel

Knoxville, Tenn., Sept. 14 - KIT digital, Inc. said it plans to price a registered public offering of its common stock under an effective shelf registration. The deal will have a greenshoe option.

Canaccord Genuity is the bookrunner; Allen & Co. LLC is co-lead manager and Roth Capital Partners and Janney Montgomery Scott are co-managers.

The company will use the proceeds to fortify its balance sheet and repay debt.

Based in New York, KIT digital provides end-to-end video management software and related services.

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