secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2026-09-30T20:59:28+00:00
Accession:  0001193125-26-409198
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Beasley raises $4.3M net at $14/share; $15 warrants; redeems $11.4M of 11.000% 2028 notes
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- Registered Direct Offering: 200,000 Class A shares at $14.00 each, plus pre-funded warrants for 157,000 shares at $13.9999 (exercise price $0.0001).
- Concurrent private placement: 357,000 Common Warrants at $15.00/share, exercisable six months after issuance with a 5.5-year term.
- Net proceeds ~$4.3M; A.G.P./Alliance Global Partners receives a 6.0% cash fee plus reimbursement of up to $50,000 in expenses.
- Proceeds, plus asset-sale proceeds from towers, real estate and two radio stations, cut the Siena Lending ABL revolver by ~$2.2M and redeem ~$11.4M of 11.000% first-lien notes due 2028.
- Directors and officers signed 60-day lock-up agreements; company agreed to a 60-day share-issuance standstill and a 180-day ban on Variable Rate Transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312526409198/0001193125-26-409198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312526409198/d155672d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-409198

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