Deal sells common shares at $6.10 apiece with $2.01 million greenshoe
By Devika Patel
Knoxville, Tenn., May 7 - Digital Cinema Destinations Corp. said the bookrunners for its $13.42 million initial public offering of stock elected to exercise the deal's $2.01 million greenshoe in part on May 4 for $1.98 million, bringing the total deal size to $15.4 million. The deal priced April 17.
The company sold 2,523,900 common shares at $6.10 per share. Of the shares, 323,900 were part of the greenshoe.
Maxim Group LLC and Dominick & Dominick LLC were 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: | $15,395,790 (including $1,975,790 greenshoe)
|
| Shares: | 2,523,900
|
| Price: | $6.10
|
| Warrants: | No
|
| Bookrunners: | Maxim Group LLC and Dominick & Dominick LLC
|
| Pricing date: | April 17
|
| Settlement date: | May 4
|
| Stock exchange: | Nasdaq: DCIN
|
| Stock price: | $6.20 at close April 18
|
| Market capitalization: | $32.11 million
|
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