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Beasley Broadcast Group Enters Agreement to Sell 357,000 Shares of Common Stock

Beasley Broadcast Group announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of (i) 357,000 shares of Class A Common Stock at a purchase price of $14.00 per share in a registered direct offering and (ii) unregistered warrants to purchase up to 357,000 shares of Class A Common Stock in a concurrent private placement. The Common Warrants will have an exercise price of $15.00 per share of Class A Common Stock, will be initially exercisable six months following the date of issuance and will expire five and a half years from the date of issuance. The gross proceeds from the offering and the concurrent private placement are expected to be approximately $5M, before deducting placement agent commissions and other offering expenses. The closing of the offering and the concurrent private placement is expected to occur on or about September 30. A.G.P./Alliance Global Partners is acting as the sole placement agent for the registered direct offering and the concurrent private placement.

Beasley Broadcast Trading Halted Due to Volatility

Beasley Broadcast trading halted, volatility trading pause

Beasley Broadcast Files $100M Mixed Securities Shelf

Beasley Broadcast files $100M mixed securities shelf