India, Sept. 29 -- On Tuesday, Beasley Broadcast Group, Inc. (BBGI), a multi-platform media company, announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 357,000 shares of Class A Common Stock, par value $0.001 per share, at a purchase price of $14 per share in a registered direct offering and warrants to buy up to 357,000 shares of Class A Common Stock in a concurrent private placement.
In the pre-market hours on the Nasdaq, the shares were trading 7.47 percent down at $13.50, after closing Monday's trading 4.58 percent lower.
The Common Warrants will have an exercise price of $15.00 per Class A common share. They can first be exercised six months after issua...