other material
confidence high
sentiment neutral
materiality 0.40
MediaCo enters ATM sales agreement to sell up to $2.03M of Class A Common Stock
Mediaco Holding Inc.
- Up to $2,031,019 of Class A Common Stock may be sold through BTIG and Moelis as agents.
- Agents receive a 4.00% commission on gross proceeds; Company provides customary indemnification.
- Sales can be made via 'at the market offering' under Rule 415, with no minimum obligation.
- Company can instruct agents not to sell below a designated price; agreement ends upon sale of all Shares or termination.
- Proceeds use not specified; filing includes legal opinion on share validity from Bose McKinney & Evans.