Ladenburg Thalmann, Craig-Hallum Capital Group assist with financing
By Devika Patel
Knoxville, Tenn., March 4 - Mandalay Digital Group, Inc. said it will raise about $17.4 million in a public sale of stock with a $2.61 million greenshoe.
The company will sell common shares at $4.10 per share. The price per share reflects a 10.87% discount to the March 3 closing share price of $4.60.
Ladenburg Thalmann & Co. Inc. is the bookrunning manager.
Settlement is expected March 7.
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.
Issuer: | Mandalay Digital Group, Inc.
|
Issue: | Common stock
|
Amount: | $17.4 million (approximate)
|
Greenshoe: | $2,610,675
|
Price: | $4.10
|
Warrants: | No
|
Bookrunner: | Ladenburg Thalmann & Co. Inc.
|
Co-manager: | Craig-Hallum Capital Group LLC
|
Pricing date: | March 4
|
Settlement date: | March 7
|
Stock symbol: | Nasdaq: MNDL
|
Stock price: | $4.60 at close March 3
|
Market capitalization: | $131.75 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.