RMG Closes Successful, Oversubscribed Rights Offering
Summary
DALLAS, TX--(Marketwired - Dec 29, 2016) - RMG Networks Holding Corporation ( : ) ("RMG" or the "Company"), a leading provider of technology-driven visual communications solutions, today announced the closing of its previously announced rights offering ("Rights Offering") and related sale of shares to certain existing stockholders pursuant to a standby purchase agreement. The Company expects the net proceeds of the Rights Offering to be approximately $4.5 million following the deduction of estimated fees and expenses. RMG ( : ) goes beyond traditional communications to help businesses increase productivity, efficiency, and engagement through digital signage messaging. By combining best-in-class software, hardware, business applications, and services, RMG offers a single point of accountability for integrated data visualization and real-time performance management. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Companys control.
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