Salem Media retains EF Hutton as financial advisor for $15M ATM offering

SALEM MEDIA GROUP, INC. /DE/

Company engaged EF Hutton as financial advisor for its existing $15M at-the-market equity offering program.
EF Hutton will receive one-third of net commissions payable to B. Riley Securities under the Sales Agreement.
Sales of up to $15M of Class A common stock may be made on NASDAQ or other markets at prevailing prices.

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