An outside investor is about to put fresh capital into Beasley Media Group, and the money already has a destination. A single institutional buyer is purchasing stock and warrants, with proceeds slated to pay down a revolving credit line and retire part of debt due in 2028.
Beasley is selling 200,000 shares of Class A common stock and pre-funded warrants for another 157,000 shares through a registered direct offering. Pre-funded warrants work like shares paid for up front, with an exercise price of $0.0001 per share. Each share or pre-funded warrant comes with one warrant in a concurrent private placement, for up to 357,000 shares in total. The combined price is $14.00 per share, about…