Mandalay Digital Group amends its $2.5 million of convertible notes

Notes' maturity has been extended to July 9, 2013 from June 21, 2013

By Devika Patel

Knoxville, Tenn., June 26 - Mandalay Digital Group, Inc. amended its $2.5 million senior secured convertible notes on June 20, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The securities were issued in a June 21, 2010 private placement and are held by Robert Ellin, Trinad Management, LLC, Trinad Capital Master Fund, Ltd. and the Guber Family Trust.

The company amended the notes to extend the maturity date to July 9, 2013 from June 21, 2013.

Mandalay, based in Los Angeles, delivers a mobile services platform that works with mobile operators and third-party publishers to provide portal management, user interface, content development and billing technology that enables the responsible distribution of mobile entertainment.

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