Digimarc: Jumps on $53.5 mln investment by TCM Strategic Partners
29/09/2020 17:28
** Shares of technology services company Digimarc Corp
DMRC.O up 26.7% at $22.1 - best day since May 2019
** Co receives $53.5 mln investment from TCM Strategic
Partners, which is led by long time shareholder Riley McCormack
urn:newsml:reuters.com:*:nPreW0tJja
** TCM purchases about 2.5 mln DMRC shares, representing
19.9% of DMRC's outstanding common stock
** Riley McCormack to be appointed to DMRC's board of
directors
** DMRC down 34% YTD
(Reporting by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))