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Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events
Note 16 — Subsequent Events

In March 2017, the Company entered into an agreement to issue 3,660,891 shares of its common stock to Hong Kong Meisheng Cultural Company Limited, a Hong Kong affiliate of the Company’s China joint venture partner (collectively, “Meisheng”), at an aggregate price of $19.3 million. The use of proceeds will be for general corporate purposes. Pursuant to the stock purchase agreement, Meisheng was granted certain piggyback and demand registration rights. After Meisheng’s shareholder and China regulatory approvals, the transaction closed on April 27, 2017.