Beasley Broadcast Group Announces $5M Registered Direct Offering Priced At $14 Per Share, Concurrent Private Placement Warrants To Purchase 357,000 Shares
Beasley Broadcast Group, Inc. (NASDAQ:BBGI), a multi-platform media company, announced today that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of (i)
Beasley Broadcast Group is raising money by selling new shares to an investor. When a company does this, it means they need cash and existing owners get diluted by new shares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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