Banker: Newsmax Raises $140 Million, Offering Closes Soon!

Viewers and investors are showing powerful support for new media like Newsmax with the company raising $140 million before its planned public offering, Mark Elenowitz of Digital Offering LLC, said this week.

"I've been doing this for almost 34 years and we have not seen the demand as we've seen with Newsmax and I think it really speaks to the audience and the viewers and the supporters," Elonowitz told Newsmax's "American Agenda," earlier this week.

Elenowitz is managing director of the Digital Offering, the bank handling Newsmax's private share raise being completed before its expected IPO in early 2025, subject to SEC approval.

"We've had now over 80,000 investors indicate either to be a part of the public offering or be part of the private placement, so that dedication truly shows the support of what Newsmax is trying to do for the media," he said.

Several months ago Newsmax announced it was seeking to raise $150 million before it made a planned public offering on the New York Stock Exchange.

Elenowitz announced the company has already raised $140 million of that amount and urged investors to act quickly before the $150 million mark is hit.

He said the company expects to close on the offering soon.

Note: Buy shares now before public offering, See More Here

He also noted that while the network's Nielsen ratings and viewership have been climbing, "but people are also wanting to be part of the movement by being a shareholder."

Newsmax has seen extraordinary growth in recent years.

Nielsen ranks its cable news channel the fourth highest-rated in the country. A recent Reuters Institute study found Newsmax was a top 12 U.S. news brand.

"Here in early 2025, most likely sometime in February, we'll be ringing the bell on the New York Stock Exchange, if all goes well," Elenowitz said.

There is still time to invest before the company goes public, Elenowitz stressed.

"Anybody that has been wanting to participate, we encourage you to go to www.NewsmaxInvest.com to get the documents emailed to you," he said.

"Or you can invest immediately right online using your credit card because once we hit that $150 million mark, unless we oversubscribed, the offering is coming to an end," he said.

Anyone who has already requested information or received it electronically is still able to complete the documents and participate in the pre-public offering.

The Preferred Share raise for eligible buyers comes with some perks: Investors will get a 25% discount on the planned public offering price.

The Preferred also get a 7% coupon in the form of a dividend in shares.

The private placement that is underway now is limited to accredited investors only, meaning they need a $200,000 yearly income or a $1 million net worth, he stressed. The SEC, not Newsmax, sets these rules.

"We're trying to do is democratize it and let Main Street meet Wall Street, so if you're not accredited, you can be a part of the public offering," Elenowitz said.

He also noted that investors who buy now will not have "what's called an underwriter lockup, there's no six-month restrictive period."

He said the company plans to file with SEC so Preferred Shareholders can have liquidity soon after the IPO.

Newsmax plans to use the funds from its offering to grow its cable channel, its streaming channel, and Newsmax+, its streaming service, as well as increase the company's overall media reach through acquisitions and partnerships.

Important: Buy Shares in Newsmax before private offering closes, Go Here Now

Disclaimer: Money raised includes funds received and investments in process to be completed. Newsmax is currently undertaking a private placement offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Rule 506(c) of Regulation D promulgated thereunder. Investors should consider the investment objectives, risks, and investment time horizon of the Company carefully before investing. The private placement memorandum relating to this offering of equity interests by the Company will contain this and other information concerning the Company and the securities referenced in this document, including risk factors, which should be read carefully before investing. You should be aware that (i) the securities may be sold only to “accredited investors,” as defined in Rule 501 of Regulation D; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the United States Securities and Exchange Commission will not pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; investing in these securities involves a high degree of risk, and investors should be able to bear the loss of their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. The offering documents may include “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. Although we believe our expectations expressed in such forward-looking statements are reasonable, we cannot assure you that they will be realized. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to the risks and uncertainties set forth in the attached materials, which could cause actual results to differ materially from the anticipated results set forth in such forward-looking statements. Any forward-looking statement made by us speaks only as of the date on which it is made, and we undertake no obligation to publicly update any forward-looking statement except as may be required by law.The Company is "Testing the Waters" under Regulation A under the Securities Act of 1933. The Company is not under any obligation to make an offering under Regulation A. No money or other consideration is being solicited in connection with the information provided, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until an offering statement on Form 1-A has been filed and until the offering statement is qualified pursuant to Regulation A of the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any person's indication of interest involves no obligation or commitment of any kind. The information in that offering statement will be more complete than the information the Company is providing now, and could differ materially. You must read the documents filed. No offer to sell the securities or solicitation of an offer to buy the securities is being made in any state where such offer or sale is not permitted under the "blue sky" or securities laws thereof. No offering is being made to individual investors in any state unless and until the offering has been registered in that state or an exemption from registration exists therein. The securities offered using Regulation A are highly speculative and involve significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue. The Company intends to list its securities on a national exchange and doing so entails significant ongoing corporate obligations including but not limited to disclosure, filing and notification requirements, as well compliance with applicable continued quantitative and qualitative listing standards.