Deal sells common shares at $6.10 apiece with $2.01 million greenshoe
By Devika Patel
Knoxville, Tenn., April 17 - Digital Cinema Destinations Corp. said it priced its $13.42 million initial public offering of stock with a $2.01 million greenshoe. It expects the shares to trade on the Nasdaq under the symbol "DCIN."
The company will sell 2.2 million common shares at $6.10 per share.
Maxim Group LLC and Dominick & Dominick LLC are the joint bookrunning managers.
Based in Westfield, N.J., Digital Cinema is dedicated to transforming its movie theaters into interactive entertainment centers.
| Issuer: | Digital Cinema Destinations Corp.
|
| Issue: | Common stock
|
| Amount: | $13.42 million
|
| Greenshoe: | $2,013,000
|
| Shares: | 2.2 million
|
| Price: | $6.10
|
| Warrants: | No
|
| Bookrunners: | Maxim Group LLC and Dominick & Dominick LLC
|
| Pricing date: | April 17
|
| Stock exchange: | Nasdaq: DCIN
|
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