Positive
Successfully raised $300 million in combined funding
Achieved NYSE listing, increasing visibility and liquidity
Completed both public and private offerings, demonstrating strong investor interest
Negative
Achieved NYSE listing, increasing visibility and liquidity
Completed both public and private offerings, demonstrating strong investor interest
Negative
Class B shares typically carry fewer voting rights than Class A shares
Newsmax Inc. ("Newsmax" or the "Company") announced that its Class B Common Stock will begin trading this morning on the New York Stock Exchange under the symbol "NMAX".
The Company successfully raised $75 million in its initial public offering under Regulation A+ as well as $225 million in a private Preferred Offering which closed in February.
Digital Offering LLC acted as the lead selling agent for the Public Offering.
For more information on Newsmax, please visit: ir.newsmax.com
About Newsmax
Newsmax Inc. is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc. Newsmax Media, Inc. is the parent company of Newsmax Broadcasting LLC and a multimedia company that offers Americans independent news. Since its founding in 1998 by Christopher Ruddy, an award-winning journalist, Newsmax has become a go-to place for Americans seeking real news and opinion.
Newsmax operates the Newsmax channel, now the fourth highest-rated cable news channel, according to Nielsen, and available on all major cable systems and OTT platforms.
Newsmax's media properties reach more than 40 million Americans regularly through the Newsmax channel, its free streaming channel Newsmax2, the Newsmax App and its streaming service Newsmax+, its website Newsmax.com, and publications like Newsmax Magazine.
Forbes calls Newsmax "a news powerhouse." Last year the Reuters Institute study found that Newsmax was one of the top 12 U.S. news brands.
Through its media outlets Newsmax champions a free press, one that provides Americans with balanced coverage, diverse viewpoints, and open debates on the issues affecting our lives.
Newsmax Inc., based in Boca Raton, Fla., with offices in Washington, D.C. and New York City, is a privately held company headed by its CEO and majority shareholder Christopher Ruddy. For more information about Newsmax, please visit https://www.NewsmaxInvest.com.
About Digital Offering, LLC: Digital Offering, LLC, a leader in crowd financed public offerings, is a next generation investment bank with a focus on technology and innovation utilizing The Jumpstart Our Business Startups Act, or JOBS Act.
Investor Contacts
Newsmax Investor Relations Team
ir@newsmax.com
Newsmax Inc. ("Newsmax" or the "Company") announced that its Class B Common Stock will begin trading this morning on the New York Stock Exchange under the symbol "NMAX".
The Company successfully raised $75 million in its initial public offering under Regulation A+ as well as $225 million in a private Preferred Offering which closed in February.
Digital Offering LLC acted as the lead selling agent for the Public Offering.
For more information on Newsmax, please visit: ir.newsmax.com
About Newsmax
Newsmax Inc. is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc. Newsmax Media, Inc. is the parent company of Newsmax Broadcasting LLC and a multimedia company that offers Americans independent news. Since its founding in 1998 by Christopher Ruddy, an award-winning journalist, Newsmax has become a go-to place for Americans seeking real news and opinion.
Newsmax operates the Newsmax channel, now the fourth highest-rated cable news channel, according to Nielsen, and available on all major cable systems and OTT platforms.
Newsmax's media properties reach more than 40 million Americans regularly through the Newsmax channel, its free streaming channel Newsmax2, the Newsmax App and its streaming service Newsmax+, its website Newsmax.com, and publications like Newsmax Magazine.
Forbes calls Newsmax "a news powerhouse." Last year the Reuters Institute study found that Newsmax was one of the top 12 U.S. news brands.
Through its media outlets Newsmax champions a free press, one that provides Americans with balanced coverage, diverse viewpoints, and open debates on the issues affecting our lives.
Newsmax Inc., based in Boca Raton, Fla., with offices in Washington, D.C. and New York City, is a privately held company headed by its CEO and majority shareholder Christopher Ruddy. For more information about Newsmax, please visit https://www.NewsmaxInvest.com.
About Digital Offering, LLC: Digital Offering, LLC, a leader in crowd financed public offerings, is a next generation investment bank with a focus on technology and innovation utilizing The Jumpstart Our Business Startups Act, or JOBS Act.
Investor Contacts
Newsmax Investor Relations Team
ir@newsmax.com
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