B. RILEY Acted as Bookrunner and Co-Lead Manager in $13 Million Bought Deal Public Offering for Cinedigm Corporation

LOS ANGELES, Oct. 28, 2013 /PRNewswire/ -- B. Riley & Co., LLC, (B. Riley) www.brileyco.com, a leading independent investment bank, which provides a full array of corporate finance, research, sales and trading services, announced that it acted as bookrunner and co-lead manager in a $13 Million bought deal public offering for Cinedigm Corporation (NASDAQ: CIDM). 

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The offering consisted of approximately 9.1 million shares of common stock priced at $1.43 per share, which included an overallotment of 1.2 million shares which the underwriters exercised in full. 

This offering represents B. Riley's third transaction with Cinedigm in the past 18 months.  B. Riley's Chairman Bryant Riley and Managing Director Ryan Bernath led the banking team. In connection with the offering National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB: NHLD) acted as co-lead manager.

In addition, B. Riley arranged placement for $2 million of subordinated debt, which was part of a $5 million, subordinated 5-year loan facility (see Cinedigm's press release for details).

Cinedigm (www.cinedigm.com) is a leader in providing the services, experience, technology and content critical to transforming movie theaters into digital and networked entertainment centers. Cinedigm partners with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, state of the art distributor and exhibition software, and marketing and distribution platform for alternative content and independent films are a cornerstone of the digital cinema transformation.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About B. RILEY & CO.

B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, Del Mar, San Francisco, Boston and New York.  It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com

SOURCE B. Riley & Co., LLC

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