Boca Raton, Fla. – Newsmax Inc. announced that its Class B Common Stock will begin trading Monday on the New York Stock Exchange under the symbol “NMAX” soon after the market open.
Newsmax successfully raised $75 million in its initial public offering under Regulation A+ as well as $225 million in a private Preferred Offering which closed in February.
Digital Offering LLC acted as the lead selling agentfor the Public Offering.
As soon as the stock begins trading on the NYSE investors will be able to buy shares placing orders through their broker.
About Newsmax
Newsmax Inc. is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc.
Newsmax Media, Inc. is the parent company of Newsmax Broadcasting LLC and a multimedia company that offers Americans independent news.
Since its founding in 1998 by Christopher Ruddy, an award-winning journalist, Newsmax has become a go-to place for Americans seeking real news and opinion.
Newsmax operates the Newsmax channel, now the fourth highest-rated cable news channel, according to Nielsen, and available on all major cable systems and OTT platforms.
Newsmax’s media properties reach more than 40 million Americans regularly through the Newsmax channel, its free streaming channel Newsmax2, the Newsmax App and its streaming service Newsmax+, its website Newsmax.com, and publications like Newsmax Magazine.
Forbes calls Newsmax “a news powerhouse.” Last year the Reuters Institute global survey found that Newsmax was one of the top 12 U.S. news brands.
Through its media outlets Newsmax champions a free press, one that provides Americans with balanced coverage, diverse viewpoints, and opendebates on the issues affecting our lives.
Newsmax Inc., based in Boca Raton, Fla., with offices in Washington, D.C. and New York City, is a privately held company headed by its CEO and majority shareholder Christopher Ruddy.
For more information about Newsmax, please visit https://www.NewsmaxInvest.com.
About Digital Offering, LLC:
Digital Offering, LLC, a leader in crowd financed public offerings, is a next generation investment bank with a focus on technology and innovation utilizing The Jumpstart Our Business Startups Act, or JOBS Act.
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