Recent Updates — BBGI

Beasley Broadcast Group completed a registered direct offering and concurrent private placement on September 30, 2026, raising approximately $4.3 million in net proceeds after fees. The company issued 200,000 shares of Class A common stock at $14.00 per share and pre-funded warrants for 157,000 additional shares at $13.9999 each. Concurrently, it sold 357,000 common warrants exercisable at $15.00 per share after a six-month waiting period. The net proceeds will be used to reduce borrowings under its secured asset-based revolving credit facility by approximately $2.2 million and to redeem $11.4 million of Beasley Mezzanine Holdings LLC’s 11% Senior Secured First Lien Notes due 2028 at par plus accrued interest. The company operates in the radio broadcasting industry, owning and operating multiple radio stations.

Beasley Broadcast Group announced the death of Board member Peter A. Bordes on September 19, 2026. This event reduced the Audit Committee to two independent members, causing non-compliance with Nasdaq Rule 5605(c)(2)(A), which requires at least three independent directors. The company notified Nasdaq and intends to use the cure period to appoint a replacement by September 19, 2027 or the next annual meeting. Beasley Broadcast Group operates in the radio broadcasting industry.

Beasley Broadcast Group received written notice from Nasdaq confirming it has regained compliance with the Minimum Stockholders’ Equity Requirement for continued listing on The Nasdaq Capital Market, closing the matter. This resolves a non-compliance notice issued on April 13, 2026, which cited a failure to maintain the required $2,500,000 in stockholders' equity under Listing Rule 5550(b)(1). The company's common stock continues to trade on Nasdaq under the ticker symbol BBGI. Beasley Broadcast Group operates in the radio broadcasting industry, owning and operating a portfolio of radio stations primarily in Florida.

Beasley Broadcast Group reported second quarter fiscal 2026 results on August 12, 2026. Net revenue decreased to $44.1 million from $53.0 million in the prior year period. The company recorded a net income of $84.3 million and diluted earnings per share of $45.95, driven primarily by a $91.8 million non-cash gain on debt restructuring completed on May 1, 2026. This transaction reduced total outstanding debt by $95 million. Adjusted EBITDA was $5.3 million, compared to $4.7 million in the prior year. The company operates radio stations and provides integrated marketing solutions across audio, digital, and event platforms.

Beasley Broadcast Group postponed reporting its financial results for the fiscal quarter ended June 30, 2026, and rescheduled the associated conference call to allow additional time to finalize tax accounting treatment related to refinancing and debt restructuring completed during that quarter. The company expects to hold the rescheduled call on or before Friday, August 14, 2026. Beasley Broadcast Group operates in the radio broadcasting industry, owning AM and FM stations across multiple U.S. markets.