Cinedigm Digital Cinema Corporation Announces Close to Seven Million Dollar Private Placement

Cinedigm Digital Cinema Corp. /quotes/zigman/114691/quotes/nls/cidm CIDM +2.86% , the global leader in the digital cinema industry, today announced that it has entered into a definitive securities purchase agreement with accredited investors, for the issuance and sale in a private placement transaction of 4,338,750 shares of Class A common stock at a purchase price of $1.60 per share. The Company thus expects to receive gross proceeds from the offering of approximately $6.9 million, before deducting estimated offering expenses.