Troubled mobile application developer Viggle Inc. (OTCMKTS: VGGL) plans to raise additional cash through debt and equity offerings in order to continue operating.

The New York-based company provides a downloadable application that audio matches a television show rewards its users with points that can be redeemed for various prizes, such as electronics, trips and gift cards. Recently, Viggle's accountant expressed substantial doubt about the company's ability to continue as a going concern, or without the threat of liquidation.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.