Beasley Broadcast Group, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $13.0M
- Price
- $10.64
- % Change (Daily % change from the live per-ticker quote feed.)
- +5.66%
- Volume
- 26.1K
About
Beasley Broadcast Group, Inc. (BBGI) functions as a diversified media enterprise, controlling and managing a portfolio of radio broadcasting outlets throughout the United States. Beyond its traditional media holdings, the company also owns and operates the Houston Outlaws, a professional esports team that actively competes within the Overwatch League. Established in 1961, BBGI maintains its corporate headquarters in Naples, Florida.
Quick stats
Shares outstanding1.2M
Computed float—
Float / sharesUnknown
Key info
SectorCommunication Services
IndustryBroadcasting
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001099160
Websitehttps://www.bbgi.com
AI Summary
AI-generated1/14
minorneutraloffering
Beasley Broadcast Group Announces Pricing of $5.0 Million Registered Direct Offering and Concurrent Private Placement
Beasley Broadcast Group priced a $5.0 million registered direct offering of 357,000 Class A shares at $14.00 per share with a single institutional investor, plus warrants for another 357,000 shares.
The warrants carry a $15.00 exercise price, become exercisable in six months, and expire in five and a half years; A.G.P./Alliance Global Partners is sole placement agent.
Proceeds will reduce borrowings under the secured revolving credit facility and redeem part of the 11.000% Senior Secured First Lien Notes due 2028 at 100.000% plus accrued interest — a deleveraging use that partially offsets warrant-driven dilution.
Red flags
- attached warrants (357,000 shares at $15.00) add potential dilution
- redemption of high-coupon 11.000% notes underscores elevated leverage
- risk factors cite ability to continue as a going concern and substantial debt levels