Hemisphere Media (HMTV) Announces 6M Share Stock Offering

Hemisphere Media Group, Inc. (Nasdaq: HMTV) today announced that it has commenced an underwritten public offering of 6,000,000 shares of its Class A common stock. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of its Class A common stock. The Company expects to use the net proceeds from the offering for general corporate purposes.

BofA Securities and J.P. Morgan Securities LLC are acting as the lead bookrunning managers and representatives of the underwriters of the offering. Wells Fargo Securities, LLC is also acting as a lead bookrunning manager of the offering. Guggenheim Securities, LLC and RBC Capital Markets, LLC are acting as joint bookrunning managers of the offering.

A shelf registration statement relating to these shares of Class A common stock has been filed with the U.S. Securities and Exchange Commission ("SEC") and has become effective. The offering of the shares of Class A common stock is being made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus relating to the offering of the shares of Class A common stock will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: [email protected], 1-800-294-1322; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or by emailing at [email protected]; or Wells Fargo Securities at: 500 West 33rd Street, New York, New York, 10001, Attn: Equity Syndicate Department at (833) 690-2713 or email a request to [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and there will not be any sales in any jurisdiction in which such sales would be unlawful.

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