Cinema Ride Applies for a Shelf Offering
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Cinema Ride Inc., a Studio City-based maker of rides that feature short action films on video, said it has filed an application with the Securities and Exchange Commission for a shelf offering to raise up to $6.4 million through the sale of 1.2 million shares of common stock and 1.7 million redeemable warrants.
Proceeds from the offering will be used to repay equipment lease obligations and to develop new attractions.
New York-based A.S. Goldmen & Co. Inc. is the underwriter.
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