B. Riley & Co. Acted as Sole Underwriter in $13.7 Million Underwritten Public Offering for Digital Turbine, Inc.

LOS ANGELES, Oct. 6, 2015, NASDAQ, RILY, APPS, /PRNewswire/ B. Riley & Co., LLC (B. Riley), a leading full service independent investment bank and a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) announced that it has acted as sole underwriter in an $13.7 million underwritten public offering for Digital Turbine, Inc. (NASDAQ: APPS) The offering, which closed October 2, 2015, consisted of 8,740,000 million shares of common stock priced at $1.57 per share. This included an option to purchase an additional 1,140,000 million shares which the underwriter exercised in full. B. Riley s banking team consisted of Chairman Bryant Riley and Associate Chris Sigala. Digital Turbine, Inc. CEO Bill Stone commented, B. Riley executed a successful transaction for Digital Turbine in a difficult macro environment.  We were able to strengthen our balance sheet and secure the capital we need to support the growth in our business. B. Riley s ability to think creatively to deliver a ta
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