Beasley Broadcast Group Announces Pricing of $5.0 Million Registered Direct Offering and Concurrent Private Placement
Beasley Broadcast Group announced it has entered into a securities purchase agreement with a single institutional investor for a registered direct offering of 357,000 shares of Class A Common Stock at $14.00 per share, along with a concurrent private placement of unregistered warrants to purchase up to 357,000 shares. The offering totals $5.0 million.
Why it matters — BBGI watchers would follow this capital raise because it involves new common stock issuance and warrants, which affects the company's share count and capitalization.