Mandalay Digital plans to price public offering of its common shares

Ladenburg Thalmann helps raise funds for general corporate purposes

By Devika Patel

Knoxville, Tenn., Aug. 16 - Mandalay Digital Group, Inc. will price a public offering of common stock, according to a preliminary prospectus supplement filed Friday with the Securities and Exchange Commission. Ladenburg Thalmann & Co. Inc., the bookrunner, will have a 30-day greenshoe option.

Proceeds will be used for general corporate purposes, including working capital, product development and capital expenditures.

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.

© 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.