An outside investor is about to put fresh capital into Beasley Media Group, and the money already has a destination. A single institutional buyer is purchasing stock and warrants, with proceeds slated to pay down a revolving credit line and retire part of debt due in 2028.
Beasley is selling 200,000 shares of Class A common stock and pre-funded warrants for another 157,000 shares through a registered direct offering. Pre-funded warrants work like shares paid for up front, with an exercise price of $0.0001 per share. Each share or pre-funded warrant comes with one warrant in a concurrent private placement, for up to 357,000 shares in total. The combined price is $14.00 per share, about 4% below the $14.59 last reported sale price on September 28.
The warrants carry a $15.00 exercise price per share, become exercisable six months after issuance, and expire five and a half years after issuance.
Gross proceeds are expected to total approximately $5.0 million before placement agent commissions and other offering expenses. Closing is expected on or about September 30, subject to customary closing conditions.
Beasley currently intends to use the net proceeds to reduce borrowings under its secured asset-based revolving credit facility and to redeem a portion of Beasley Mezzanine Holdings LLC’s 11.000% Senior Secured First Lien Notes due 2028. The redemption price is 100.000% plus interest accrued through, but not including, the redemption date.
Alliance Global Partners, a New York investment bank, is the sole placement agent for both the registered direct offering and the concurrent private placement. The firm has agreed to use its best efforts to arrange the sale but is not obligated to buy any of the securities itself. It will receive a cash fee of 6.00% of the proceeds, about $299,879, plus reimbursement of certain expenses, leaving Beasley with about $4.7 million before other expenses.
The shares are being offered under a shelf registration statement on Form S-3 that the Securities and Exchange Commission declared effective on June 4, 2026. SEC rules limit how much Beasley can sell under that registration, and the company’s remaining capacity is $5,585,838.
In March, Beasley entered a Transaction Support Agreement with holders of its first and second lien notes that set up an exchange offer, including an offer to purchase up to $15.899 million of the first lien notes at par. In February, the company invoked a 30-day grace period on roughly $10.2 million in interest payments that were due February 1.
