- Successfully raised $300 million in combined funding
- Achieved NYSE listing, increasing visibility and liquidity
- Completed both public and private offerings, demonstrating strong investor interest
- Class B shares typically carry fewer voting rights than Class A shares
03/31/2025 – 08:30 AM BOCA RATON, FL / ACCESS Newswire / March 31, 2025 / Newsmax Inc. (“Newsmax” or the “Company”) announced that its Class B Common Stock will begin trading this morning on the New York Stock Exchange under the symbol “NMAX”.
The Company 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 agent for the Public Offering.
For more information on Newsmax, please visit: ir.newsmax.com
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 study 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 open debates 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.
Investor ContactsNewsmax Investor Relations Team
FORWARD-LOOKING STATEMENTS: This communication contains forward-looking statements. The Company bases these forward-looking statements on its expectations and projections about future events, which it derives from the information currently available to it. Such forward-looking statements relate to future events or its future performance, including: its financial performance and projections; growth in its revenue and earnings; and the Company’s business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: the Company’s ability to change its direction; its ability to keep pace with new technology and changing market needs; and the competitive environment of its business. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this communication may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about the Company. The Company is not obligated to publicly update or revise any forward-looking statement.
SOURCE: Newsmax Inc.
View the original press release on ACCESS Newswire
Newsmax raised $75 million through its Regulation A+ initial public offering.
Newsmax began trading on the NYSE on March 31, 2025.
Newsmax raised a total of $300 million, combining $75 million from the public offering and $225 million from the private Preferred Offering.
Newsmax listed its Class B Common Stock on the NYSE.
