It’s a scary Monday for Beasley Broadcast Group, as the company’s stock sank to levels not seen since early 2017. The big dip came following the radio industry pure-play’s announcement that it has proposed a 4.43 million-share common stock offering.
News of the stock offering shrouded other news of importance regarding Beasley: It has a dollar figure on how much a station it’s “welcoming home” would have contributed to the bottom line, and shared with the SEC its preliminary estimated financial results for Q2 and the first half of 2018.