Beasley Stock Sinks On Word Of Share Offering


In late June, Beasley Broadcast Group noted in an SEC filing that it “may offer and sell” up to $250 million in stock, debt securities, warrants and units “from time to time in one or more offerings.”

Guess what? The company on Monday announced a proposed offering of shares of its Class A common stock. Investors revolted, sending the stock down sharply in morning trading on Wall Street.

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