Cinedigm (CIDM) Announces New 10 Million Share Stock Repurchase Program

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Go back to Cinedigm (CIDM) Announces New 10 Million Share Stock Repurchase Program

CINEDIGM CORP. ANNOUNCES NEW 10 MILLION SHARE STOCK REPURCHASE PROGRAM

March 1, 2023 9:30 AM EST

LOS ANGELES, March 1, 2023 /PRNewswire/ -- Cinedigm Corp. (NASDAQ: CIDM) (the "Company") today announced that the Company's Board of Directors has approved a stock repurchase program to purchase up to an aggregate of 10 million shares of its outstanding Class A common stock. Acquisitions pursuant to this stock repurchase program may be made through a combination of open market repurchases in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, privately negotiated transactions, and/or other transactions at the Company's discretion. The stock repurchase program will expire on March 1, 2024, unless otherwise modified by the... More