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Mandalay Digital plans to price public offering of its common shares
Ladenburg Thalmann helps raise funds for general corporate purposes
By Devika Patel
Knoxville, Tenn., Aug. 16 - Mandalay Digital Group, Inc. will price a public offering of common stock, according to a preliminary prospectus supplement filed Friday with the Securities and Exchange Commission. Ladenburg Thalmann & Co. Inc., the bookrunner, will have a 30-day greenshoe option.
Proceeds will be used for general corporate purposes, including working capital, product development and capital expenditures.
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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