Cinedigm Corp. today announced the Company has closed on a portion of the transactions contemplated by the Stock Purchase Agreement signed on Friday, December 27, 2019 to acquire approximately 29% of the outstanding equity of leading Chinese entertainment company Starrise Media Holdings Limited from two existing holders in an all-stock transaction valued at approximately US$68 million. On February 14, 2020, the Company closed on the purchase of 162,162,162 Starrise shares and issued 21,646,604 shares of Common Stock as consideration on February14, 2020, and expects to close on the remainder of the Starrise shares as soon as practicable.
Source: https://finance.yahoo.com/news/cinedigm-closes-first-tranche-agreement-210510801.html