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Item 5. Market for Registrant’s Common Equity

2021-07-30 compared with 2020-07-06 · 21 added, 59 removed, 8 unchanged (91% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

CLASS A COMMON STOCK

Our Class A Common Stock trades publicly on The Nasdaq Global Market (“Nasdaq”), under the trading symbol “CIDM”.

A COMMON STOCK

Class A Common Stock trades publicly on The Nasdaq Global Market (“Nasdaq”), under the trading symbol “CIDM”.

The following table shows the high and low sales prices per share of our Class A Common Stock as reported by Nasdaq for the periods indicated:

4 unchanged sentences

January 1 – March 31

The last reported closing price per share of our Class A Common Stock as reported by Nasdaq on June 26, 2020 was $1.82 per share.

As of June 26, 2020, there were 77 holders of record of our Class A Common Stock, not including beneficial owners of our Class A Common Stock whose shares are held in the names of various dealers, clearing agencies, banks, brokers and other fiduciaries.

CLASS B COMMON STOCK

On October 31, 2017, we filed our Fifth Amended and Restated Certificate of Incorporation which, in addition to other things, eliminated the Class B Common Stock.

The last reported closing price per share of our

Class A Common Stock as reported by Nasdaq on July 23, 2021 was $1.46 per share.

As of July 23, 2021, there were 69 holders of record of

our Class A Common Stock, not including beneficial owners of our Class A Common Stock whose shares are held in the names of various dealers,

clearing agencies, banks, brokers and other fiduciaries.

B COMMON STOCK

October 31, 2017, we filed our Fifth Amended and Restated Certificate of Incorporation which, in addition to other things, eliminated

the Class B Common Stock.

Accordingly, no further Class B Common Stock will be issued.

DIVIDEND POLICY

We have never paid any cash dividends on our Class A Common Stock or Class B Common Stock and do not anticipate paying any on our Class A Common Stock in the foreseeable future.

Any future payment of dividends on our Class A Common Stock will be in the sole discretion of our board of directors.

The holders of our Series A 10% Non-Voting Cumulative Preferred Stock are entitled to receive dividends.

There were $89 thousand of cumulative dividends in arrears on the Preferred Stock at March 31, 2020 .

SALES OF UNREGISTERED SECURITIES

PURCHASE OF EQUITY SECURITIES

There were no purchases of shares of our Class A Common Stock made by us or on our behalf during the twelve months ended March 31, 2020 and 2019.

SELECTED FINANCIAL DATA

The following tables set forth our historical selected financial and operating data for the periods indicated.

The selected financial and operating data should be read together with the other information contained in this document, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in Item 7 and the audited historical financial statements and the notes thereto included elsewhere in this document.

The historical results here are not necessarily indicative of future results.

For the Fiscal Years Ended March 31,

Statement of Operations Data

(In thousands, except for share and per share data)

Related to Continuing Operations:

Direct operating (exclusive of depreciation and amortization shown below)

Selling, general and administrative

Provision (benefit) for doubtful accounts

Restructuring, transition and acquisitions expenses, net

Goodwill impairment

Litigation and related, net of recovery in 2016

Depreciation and amortization of property and equipment

Amortization of intangible assets

Total operating expenses

(Loss) income from operations

Interest income

Interest expense

Debt conversion expense and loss on extinguishment of notes payable

Change in fair value on equity investment in Starrise

Gain on termination of capital lease

Other (expense) income, net

Change in fair value of interest rate derivatives

Loss from operations before income taxes

Income tax expense

Net (loss)income attributable to noncontrolling interest

Net loss attributable to Cinedigm Corp.

Preferred stock dividends

Net loss attributable to common shareholders

Basic and diluted net loss per share from continuing operations

Shares used in computing basic and diluted net loss per share (1)

We incurred net losses for all periods presented and, therefore, the impact of potentially dilutive common stock equivalents and convertible notes have been excluded from the computation of net loss per share from continuing operations as their impact would be anti-dilutive.

For the Fiscal Years Ended March 31,

(In thousands)

Balance Sheet Data (At Period End):

Cash, cash equivalents and restricted cash

Working capital (deficit)

Notes payable, non-recourse

Total stockholders' deficit of Cinedigm Corp.

Other Financial Data:

Net cash provided by operating activities

Net cash used in provided by investing activities

Net cash used in financing activities

have never paid any cash dividends on our Class A Common Stock or Class B Common Stock and do not anticipate paying any on our Class

A Common Stock in the foreseeable future.

Any future payment of dividends on our Class A Common Stock will be in the sole discretion

of our board of directors.

holders of our Series A 10% Non-Voting Cumulative Preferred Stock are entitled to receive dividends.

There were $89 thousand of cumulative

dividends in arrears on the Preferred Stock at March 31, 2021.

OF UNREGISTERED SECURITIES

OF EQUITY SECURITIES

were no purchases of shares of our Class A Common Stock made by us or on our behalf during the twelve months ended March 31,

2021 and 2020.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity