RMG Announces Results of Successful, Oversubscribed Rights Offering

RMG Networks Holding Corporation (NASDAQ: RMGN) (“RMG” or the “Company”), a leading provider of technology-driven visual communications solutions, today announced that the subscription period for its previously announced rights offering (“Rights Offering”) expired on December 22, 2016, and these rights are no longer exercisable.

The results of the Rights Offering and RMG’s estimates regarding the aggregate gross proceeds of the Rights Offering to be received by the Company are preliminary and subject to finalization and verification by its subscription agent, Broadridge Corporate Issuer Solutions, Inc.

Based on review of results provided by the subscription agent, the Company estimates that it will receive aggregate gross proceeds from the Rights Offering and the related standby purchase agreement of approximately $4.8 million. As the Rights Offering was oversubscribed (after giving effect to the rights of the standby purchasers to purchase certain shares prior to the allocation of the over-subscription privileges), the remaining shares available for issuance to those rightsholders validly exercising oversubscription privileges will be subject to proration as described in the Rights Offering materials. Any excess subscription payments received by the subscription agent will be returned, without interest, as soon as practicable.

RMG anticipates that closing of the Rights Offering and related standby purchase agreement will occur on or about December 29, 2016, subject to satisfaction or waiver of all conditions to closing.

Further information with respect to the Rights Offering may be obtained by contacting the Information Agent, Broadridge Corporate Issuer Solutions, Inc., at (855) 793-5068.

Monarch Capital Group, LLC acted as dealer-manager for the Rights Offering.