Newsmax Completes $170 Million Preferred Placement Ahead of …

5 hours ago · BOCA RATON, Fla.--(BUSINESS WIRE)--Newsmax Inc. (“Newsmax” or the “Company”) announced today that the Company has successfully raised over $170 million* in …

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Newsmax Completes $170 Million Preferred Placement Ahead Of …

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5 hours ago · BOCA RATON, Fla.--(BUSINESS WIRE)--Newsmax Inc. (“Newsmax” or the “Company”) announced today that the Company has successfully raised over $170 million* in …

businesswire.com

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Newsmax Completes $170 Million Preferred Placement Ahead Of …

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5 hours ago · Company Extends Offering to $200 Million Due to Strong Investor Demand Before Expected IPO in Q1 2025. Newsmax Inc. (“Newsmax” or the “Company”) announced today …

financialcontent.com

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Invest In Newsmax: Private Stock Offering For Accredited Investors

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1 day ago · As you know around New Year’s Newsmax hit the $150 million* mark for its planned pre-Public Offering raise and before its expected public listing. A week ago we announced we …

newsmax.com

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Newsmax Raises $150 Million In Pre-IPO Plan | Newsmax.com

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Jan 7, 2025 · Newsmax CEO Christopher Ruddy announced Monday that the company raised $153 million in a pre-IPO offering, exceeding the goal of $150 million.. With thousands of …

newsmax.com

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Newsmax Completes $150 Million Preferred Placement Ahead Of …

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6 days ago · Due to high demand, Newsmax is extending the Preferred Stock private offering by an additional $25 million, increasing the total offering to $175 million. “We are excited by the …

editorandpublisher.com

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Banker: Newsmax Raises $140 Million, Offering Closes Soon!

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Dec 28, 2024 · The Preferred also get a 7% coupon in the form of a dividend in shares. The private placement that is underway now is limited to accredited investors only, meaning they …

newsmax.com

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Newsmax Completes $170 Million Preferred Placement Ahead

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1 day ago · Newsmax Inc. (“Newsmax” or the “Company”)announced today that the Company has successfully raised over $170 million* in its Preferred Stock private offering, in advance of its …

morningstar.com

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NEW: Newsmax Raises $145 Million In Pre-IPO Plan*

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Newsmax’s friends and investors have been responding in a powerful way. When we announced our plan to go public several months ago, we also announced our plan to raise in Preferred …

newsmax.com

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Invest In Newsmax: Private Stock Offering For Accredited Investors

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Latest Update on Newsmax Public Offering Plan November 14, 2024. Dear Friend: It’s big and getting bigger. I am pleased to report Newsmax has raised $100 million so far in our Preferred …

newsmax.com

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Conservative Network Newsmax To Raise More Money Due To High …

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6 days ago · Newsmax has upsized its preferred offering to $175M after the conservative U.S. network raised more money than it previously anticipated ahead of its initial public offering.

seekingalpha.com

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Newsmax Completes $150 Million Preferred Placement Ahead Of …

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6 days ago · BOCA RATON, Fla., January 09, 2025--Newsmax Inc. ("Newsmax" or the "Company") announced today that the Company has successfully raised over $150 million* in …

yahoo.com

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Invest In Newsmax: Private Stock Offering For Accredited Investors

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When we announced our plan to go public, we also announced our plan to raise $150 million in Preferred Shares before we became listed. I am glad to report Newsmax hit the $150 million* …

newsmax.com

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Invest In Newsmax: Private Stock Offering For Accredited Investors

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These Preferred Shares comes with real benefits, including: 7% accrued dividend convertible preferred stock; Shares priced at 25% discount to initial public share price – locking in value; …

newsmax.com

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Newsmax Announces Planned Public Offering, Private Offering …

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Aug 2, 2024 · In preparation for this contemplated public offering, Newsmax has launched a private placement offering seeking to raise up to $225 million. For a limited-time, eligible …

newsmax.com

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Newsmax Completes $170 Million Preferred Placement Ahead Of

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1 day ago · Newsmax Completes $170 Million Preferred Placement Ahead of Planned IPO, Extends Offering Again

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Mark Elenowitz To Newsmax: Act Now, Offer Closing Soon At $150 Million

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Dec 29, 2024 · "Time is running out on the private placement," Elenowitz said. "Now, this is a little different. You have to be what's called an accredited investor, which means you have to have …

newsmax.com

FAQs about Newsmax Completes $170 Million Preferred Placement Ahead of … Coupon?

Did Newsmax raise $150 million in a preferred stock private offering?

BOCA RATON, Fla., January 09, 2025 -- (BUSINESS WIRE)-- Newsmax Inc. ("Newsmax" or the "Company") announced today that the Company has successfully raised over $150 million* in its Preferred Stock private offering, in advance of its planned Initial Public Offering, subject to SEC approval. ...

Does Newsmax offer preferred shares?

Newsmax has successfully completed the entirety of its planned $150 million for the Private Offering and the Company is now extending the total offering to $175 million. The Preferred Shares offered are convertible preferred stock with a 7% accrued dividend. ...

Will Newsmax raise $225 million?

In preparation for this contemplated initial public offering, Newsmax is launching a private placement offering seeking to raise up to $225 million. “While achieving significant success, Newsmax has stayed true to our mission of providing Americans with honest and real news,” Christopher Ruddy, CEO of Newsmax, said of the company’s plans. ...

Why did Newsmax increase its preferred offering to $175m?

Newsmax has upsized its preferred offering to $175M after the conservative U.S. network raised more money than it previously anticipated ahead of its initial public offering. ...

Will Newsmax become a public company in 2024?

Last month, Newsmax announced that it would seek to become a public company later in 2024 or in early 2025 with a listing on the NYSE or Nasdaq. In preparation for this contemplated public offering, Newsmax has launched a private placement offering seeking to raise up to $225 million. ...

Will Newsmax raise money before a public offering?

Conservative media network Newsmax plans to publicly list its shares later this year and is looking to raise cash ahead of the offering. Boca Raton, Fla.-based Newsmax said in an investor presentation posted to its website that it was planning an initial public offering of up to $75 million. ...