Newsmax files with SEC for initial public offering

Newsmax Inc. is pleased to announce that it has confidentially filed with the Securities and Exchange Commission (“SEC”) an offering statement and expects to conduct an initial public offering later this year or in early 2025.

The company seeks to raise up to $75 million in its public offering under Regulation A+, the largest offering of its kind to date on a national securities exchange. The company expects to apply to be listed on the NYSE under the ticker symbol “NMAX.”

The company’s subsidiary, Newsmax Media Inc., operates the nation’s fourth highest-rated cable news channel. In July 2024, Nielsen reported that Newsmax was the seventh highest-rated cable channel overall among daytime viewers.

Newsmax reaches more than 40 million Americans regularly through its platforms in television, streaming, online and in print. A June 2024 Reuters global media survey found that Newsmax was one of the top 12 news brands in the U.S.

“The success of our mission to provide Americans with honest and real news is reflected by our loyal and growing following,” said Newsmax CEO and Founder Christopher Ruddy.

Individuals interested in learning more about the Newsmax investment opportunity and registering an indication of interest can go to the green Sign-Up box at www.NewsmaxInvest.com to receive information on the upcoming public offering in the coming months.

In advance of this contemplated initial public offering, Newsmax has launched a private placement offering seeking to raise $150 million.

For a limited time, eligible investors will be able to invest in this private offering. The private offering is solely available to accredited investors.*

In the private offering the company is offering its Series B 7% Convertible Preferred Stock for an offering amount of $150 million with the ability to raise up to $225 million.

Qualified prospective investors who meet the qualifications of an “accredited investor” can invest as little as $5,000 in this offering and join Newsmax as a shareholder and owner.

Full offering details and the ability to sign up to learn more about our contemplated public offering can be found at www.NewsmaxInvest.com.

At the closing of the company’s anticipated public offering, all of the Series B Preferred Shares sold in the private offering will be converted into common shares of the company.

To the extent such common shares are not tradeable after a statutory holding period, Newsmax intends to file a registration statement with the Securities and Exchange Commission that will seek to register these common shares, subject to approval by the Commission, that will allow them to be freely tradeable.

To learn more about the Private Offering and planned public offering go to: www.NewsmaxInvest.com.

For specific questions related the offering or accreditation status, email us at: digitaloffering@newsmax.com

Digital Offering, LLC is acting as the placement agent for the Offering and the planned public offering.

About Newsmax Inc.:

Newsmax Inc. is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc. Newsmax Media, Inc. is a broadcasting and multimedia company that offers Americans independent news. Since its founding in 1998 by Christopher Ruddy, an award-winning journalist, Newsmax has become a go-to place for Americans seeking real news and opinion.

Newsmax operates the Newsmax channel, now the fourth highest-rated cable news channel, according to Nielsen, and available on all major cable systems and OTT platforms. Nielsen reported that Newsmax was the only cable news channel to see ratings growth across all dayparts in 2023.

Newsmax’s media properties reach more than 40 million Americans regularly through the Newsmax channel, its free streaming channel Newsmax2, the Newsmax App and its streaming service Newsmax+, its website Newsmax.com, and publications like Newsmax Magazine. More than 16 million people follow Newsmax on social media platforms like Twitter, Facebook, LinkedIn, and Truth Social.

Through its media outlets Newsmax champions a free press, one that provides Americans with balanced coverage, diverse viewpoints, and honest debates on the issues affecting our lives.

Newsmax Inc., based in Boca Raton, Florida, with offices in Washington, D.C., and New York City, is a privately held company headed by its CEO and majority shareholder Christopher Ruddy.

About Digital Offering, LLC:

Digital Offering, LLC (“DO”), a leader in crowd financed public offerings, is a next generation investment bank with a focus on technology and innovation utilizing The Jumpstart Our Business Startups Act, or JOBS Act.

For over a decade they specialize in helping high-quality private and public growth companies access U.S. capital markets and achieve their growth objectives. With constantly changing markets and regulation Digital Offering is applying the best practices of traditional investment banking to new securities industry rules to enhance efficiency in capital raising.

*Please note: Accredited investors are defined under Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act, as amended (the “Securities Act”). Generally, individuals are considered “accredited investors” if they have a net worth greater than $1 million (excluding their primary residence) or incomes in excess of $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).

The Shares offered in the private offering will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Additional details of the offering, including a private placement memorandum, can be found at NewsmaxInvest.com.

Under Rule 506(c), general solicitation of offerings is permitted, however, purchasers in a Rule 506(c) offering must be "accredited investors."

For specific questions related the offering or accreditation status, email us at: digitaloffering@newsmax.com