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Newsmax Inc. Class B ( (NMAX) ) just unveiled an announcement.
On April 4, 2025, Newsmax Inc. entered into a Standby Equity Purchase Agreement with Yorkville Advisors, allowing Newsmax to sell up to $1.2 billion of its Class B common stock over a 24-month period, subject to certain conditions. This agreement provides Newsmax with the flexibility to raise capital as needed, potentially impacting its stock price and shareholder dilution. The proceeds are intended for working capital and general corporate purposes, with the company maintaining control over the timing and amount of any sales.
More about Newsmax Inc. Class B
Newsmax Inc. is a holding company that fully owns Newsmax Media, Inc., which operates Newsmax Broadcasting LLC. Founded in 1998 by journalist Christopher Ruddy, Newsmax provides independent news and operates the Newsmax channel, the fourth highest-rated cable news channel. It reaches over 40 million Americans through various platforms, including cable systems, streaming services, and publications.
YTD Price Performance: -46.11%
Average Trading Volume: 9,091,432
For an in-depth examination of NMAX stock, go to TipRanks’ Stock Analysis page.