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**Just in:** Newsmax has registered to sell up to **25,633,636 shares** (worth \~$668 million at current prices) to Yorkville Advisors at around **$26 per share**. This is part of what’s called a **Standby Equity Purchase Agreement**, or SEPA. **What’s a SEPA?** Think of it like a credit line, but instead of borrowing money and paying it back, the company prints new shares and sells them for cash. Yorkville agrees to buy those shares, usually at a discount, in this case, …
— ORIGINAL POST ·
Newsmax just registered with the SEC to sell 25.6M shares to Yorkville Advisors for ~$26 in its standby equity purchase agreement
· r/wallstreetbets
· Apr 17, 2025