BEASLEY BROADCAST GROUP INC (BBGI) Form 424B5 — Sep 29, 2026
Beasley Broadcast Group priced a registered direct offering of 200,000 Class A shares plus pre-funded warrants for 157,000 shares at $14.00 per unit to a single institutional investor, alongside a concurrent private placement of warrants for 357,000 shares at a $15.00 strike. Gross proceeds total approximately $5.0 million ($4.35 million net), with A.G.P./Alliance Global Partners earning a 6% fee on a best-efforts basis. Proceeds, together with proceeds from asset sales, will pay down roughly $2.17 million of the ABL Credit Facility and redeem about $11.4 million of the 11.000% First Lien Notes due 2028.
Key figures
- Gross Proceeds
- 4997984.3
- Offering Price
- 14
- Shares Offered
- 200000
- Dilution Percent
- up to ~70% of Class A shares outstanding if all shares, pre-funded warrants and warrants are exercised (714,000 shares vs 1,019,614 outstanding)
- Net proceeds
- 4348105
- Pik notes 2027
- 98475254
- Pre funded warrants
- 157,000 at $0.0001 exercise price
- Placement agent fee pct
- 6.00%
- Abl facility outstanding
- 15000630
- Shares outstanding after
- 1219614
- Private placement warrants
- 357,000 at $15.00 exercise, 5.5-year term
- First lien notes redemption
- 11415600
- Immediate dilution per share
- 81.55
- Last sale price sept 28 2026
- 14.59
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