BIG: Newsmax Raises $135 Million in Pre-IPO Plan*
Just $15 Million Left Before Offering Closes Soon!
Message from Chris Ruddy, CEO
Dear Investor:
It’s happening. We have raised $135 million* for our Preferred Offering!
When we announced our plan to go public several months ago, we also announced our plan to raise in Preferred Shares as much as $150 million.
We are now very close to achieving that goal!
As of today Newsmax has raised $135 million* in our Preferred 7% Convertible Share Offering.
We have $15 million left – and we fully expect to reach this goal soon.
If you want to invest in Preferred shares before our Public Offering, you can still do so.
But you need to act soon.
Please remember you need to be an eligible investor and hold Accredited status to invest.
You can find out more about the Offering and requirements at www.NewsmaxInvest.com.
Here is a recap of our Offering plan:
Several months ago, Newsmax filed with the SEC for a Public Offering under Regulation A.
This allows us to pre-raise before a Public Offering from Accredited Investors.
The Preferred Shares we are offering now will be priced at a 25% discount to the anticipated Public Offering share price. This locks in real value investors.
The shares also come with a 7% dividend in shares until the IPO, subject to SEC approval.
Additionally, the shares are expected to be registered for trading at the time of the Public Offering. We anticipate the shares will be tradeable within about 10 business days after the Public Listing.
Under Reg A we plan to raise $75 million at the time of the Public Offering, with an expected listing on the New York Stock Exchange.
See full details of the presentation and Placement Memorandum at www.NewsmaxInvest.com
We have seen significant growth across the board in 2024, including key metrics of ratings, revenues and subscriptions.
See:
Our Q3 Ratings from Nielsen
Our ratings have been so strong we have even been leading CNN with our Rob Schmitt Show on many nights for the past 3 weeks.
Since we launched the Offering, a Reuters Institute study found that Newsmax was one of the top 12 U.S. news brands. We were ranked with all major networks.
See:
Reuters Institute: Newsmax Is Top US News Brand | Newsmax.com
Also, a recent Pew Research study found Newsmax was one of the top election news sources for Americans. We ranked with CBS, NBC, NY Times, AP, X, and others.
See:
Pew Study: Newsmax Among Top US News Brands | Newsmax.com
We have had strong results because Americans like you are turning off old media in favor of new media like Newsmax!
This capitalization and Public Offering will further strengthen and grow Newsmax as a major U.S. news player.
Remember, if you’re eligible you can invest online and even use a credit card.
Alternatively, you can request we mail or email your documents to buy shares.
Simply go to www.NewsmaxInvest.com.
If you’ve already invested in Newsmax, you can buy more shares. Just email us at [email protected] your interest.
Thank you again for your confidence in us.
Best,
*NOTE: Raised total includes closed proceeds and investments committed / in process of closing.
Disclaimer: Newsmax is currently undertaking a private placement offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Rule 506(c) of Regulation D promulgated thereunder. Investors should consider the investment objectives, risks, and investment time horizon of the Company carefully before investing. The private placement memorandum relating to this offering of equity interests by the Company will contain this and other information concerning the Company and the securities referenced in this document, including risk factors, which should be read carefully before investing. You should be aware that (i) the securities may be sold only to “accredited investors,” as defined in Rule 501 of Regulation D; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the United States Securities and Exchange Commission will not pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; investing in these securities involves a high degree of risk, and investors should be able to bear the loss of their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. The offering documents may include “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. Although we believe our expectations expressed in such forward-looking statements are reasonable, we cannot assure you that they will be realized. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to the risks and uncertainties set forth in the attached materials, which could cause actual results to differ materially from the anticipated results set forth in such forward-looking statements. Any forward-looking statement made by us speaks only as of the date on which it is made, and we undertake no obligation to publicly update any forward-looking statement except as may be required by law. The Company is "Testing the Waters" under Regulation A under the Securities Act of 1933. The Company is not under any obligation to make an offering under Regulation A. No money or other consideration is being solicited in connection with the information provided, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until an offering statement on Form 1-A has been filed and until the offering statement is qualified pursuant to Regulation A of the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any person's indication of interest involves no obligation or commitment of any kind. The information in that offering statement will be more complete than the information the Company is providing now, and could differ materially. You must read the documents filed. No offer to sell the securities or solicitation of an offer to buy the securities is being made in any state where such offer or sale is not permitted under the "blue sky" or securities laws thereof. No offering is being made to individual investors in any state unless and until the offering has been registered in that state or an exemption from registration exists therein. The securities offered using Regulation A are highly speculative and involve significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue. The Company intends to list its securities on a national exchange and doing so entails significant ongoing corporate obligations including but not limited to disclosure, filing and notification requirements, as well compliance with applicable continued quantitative and qualitative listing standards.
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