RMG Networks intends to price $40 million public offering of its stock

Deal sells 3,561,888 shares to fund debt repayment, corporate purposes

By Devika Patel

Knoxville, Tenn., July 15 - RMG Networks Holding Corp. plans to price a public sale of stock for up to $40 million, according to a Form S-1 filed Monday with the Securities and Exchange Commission. There will be a 45-day greenshoe option.

The company will sell 3,561,888 common shares with an additional 534,283 shares comprising the greenshoe.

Roth Capital Partners is the sole book running manager, and Northland Capital Markets is the co-manager.

Proceeds will be used to repay debt and for general corporate purposes, which may include the funding of growth initiatives in sales and marketing, capital expenditures, working capital and/or strategic acquisitions.

Based in Plano, Texas, the company provides digital signage solutions.

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