Beasley Broadcast prices unregistered warrants private placement for 357,000 shares
Bitget2026/09/29 12:05- Beasley Broadcast Group priced a USD 5 million registered direct offering of 357,000 Class A shares at USD 14.00 each.
- Concurrent private placement set to issue unregistered warrants for up to 357,000 Class A shares, exercisable at USD 15.00.
- Warrants become exercisable six months from issuance, expire 5.5 years from issuance.
- Closing expected around Sept. 30, 2026, subject to customary conditions.
- Net proceeds earmarked for debt reduction, including revolving credit borrowings, redemption of 11.000% Senior Secured First Lien Notes due 2028.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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