LOS ANGELES, CA — (Marketwired) — 08/03/16 — WestPark Capital, a Los Angeles-based investment bank, today announced the completion of a $9 million Initial Public Offering for Monster Digital composed of 2,025,000 shares of common stock and warrants (NASDAQ: MSDI) (NASDAQ: MSDIW). Monster Digital designs, develops and markets high-end action sports cameras, premium memory storage products for use in high-performance computing and mobile product applications. This announcement comes on the heels of several recently completed private financings for Monster Digital by WestPark Capital of cumulatively over 23 million dollars.
This press release does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
Monster Digital, Inc. is an exclusive producer of high-end action sports cameras and premium memory storage products for use in high-performance computing and mobile product applications. Their focus is on the development and marketing of a broad selection of high-value cameras and memory storage products that combine performance, reliability and functionality at competitive prices. Their high-end, action HD sports cameras and 360 cameras and ruggedized Solid State Drives (“SSDs”) and Solid State Hybrid Drives (“SSHDs”) and removable flash memory secured digital cards (“SDs”) are marketed under the brand name Monster Digital further to a license from Monster, Inc., formerly Monster Cable Products, Inc. (the “Monster Business”). Their Dynamic Random Access Memory (“DRAM”) modules are currently sold worldwide primarily to original equipment manufacturers (“OEMs”). They believe that their target customers seek high value products that combine performance, reliability and functionality at prices competitive with other leading products.
is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, SIPOs and corporate finance advisory services. Additional information about WestPark Capital, Inc. is available at or at .
Richard Rappaport
(310) 843-9300
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