BEASLEY BROADCAST GROUP INC 8-K

What Happened
Beasley Broadcast Group, Inc. announced on June 12, 2026 that it entered into an Equity Distribution Agreement with Noble Capital Markets, Inc. as sales agent to establish an at-the-market (ATM) equity offering program. The agreement permits the company to sell shares of its Class A Common Stock, par value $0.001, for an aggregate offering price of $5,235,810 (the filing text also refers to this amount as “$5,235,810 million,” which appears to be a typographical error). Sales will be made from time to time at prevailing market prices on the Nasdaq or by other negotiated transactions, subject to market conditions and the company’s funding needs.

Key Details

• Sales agent: Noble Capital Markets, Inc.; agreement dated June 12, 2026.
• Offering amount: $5,235,810 (reported in filing as “$5,235,810 million,” likely a typo) — approximately $5.24 million.
• Securities: Class A Common Stock, par value $0.001 per share, to be sold via an “at-the-market” program.
• Regulatory: Sales will be made under a shelf registration statement (File No. 333-295967) declared effective June 4, 2026; prospectus supplement dated June 12, 2026.

Why It Matters
This ATM program gives Beasley a flexible, on-demand way to raise equity capital without a single large offering. For investors, the key implications are: (1) potential dilution if and when shares are sold under the program, and (2) uncertain timing and size of any share issuances, since actual sales depend on market conditions and company decisions. The program could be used to fund operations, reduce debt, or support other corporate needs, but the filing does not specify intended uses.