other material
confidence high
sentiment neutral
materiality 0.55
MediaCo enters into ATM offering to sell up to $12.475M of common stock via B. Riley
Mediaco Holding Inc.
- Sales agreement with B. Riley Securities allows at-the-market sales of up to $12,475,000 of Class A common stock.
- Commission of 3.0% on gross proceeds from each sale; Company also reimburses specified expenses of B. Riley.
- Sales may be made through B. Riley as agent or principal using methods permitted under Rule 415; no minimum offering amount.
- Offering terminates upon sale of all shares or termination of agreement; Company has no obligation to sell any shares.
- Shares offered under effective S-3 registration statement; proceeds will be used for general corporate purposes (not specified).