Tag: $225 million

Newsmax Inc. announces that it will seek to become a public company later this year or in early 2025 with a listing on Nasdaq or the NYSE. It says, “In preparation for this contemplated initial public offering, Newsmax is launching a private placement offering seeking to raise up to $225 million.” Newsmax CEO Christopher Ruddy adds, “While achieving significant success, Newsmax has stayed true to our mission of providing Americans with honest and real news. Now more than ever, especially in this election year of 2024, America needs Newsmax and you can join with us as an investor.” The current private offering currently consists of shares of the Company’s Series B 7% Convertible Preferred Stock for a maximum Offering amount of up to $225 million.