Hemisphere Media (HMTV) Announces 6M Share Stock Offering

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Hemisphere Media Group, Inc. Announces Offering of Common Stock

November 15, 2021 4:20 PM EST

MIAMI, Nov. 15, 2021 /PRNewswire/ -- Hemisphere Media Group, Inc. (Nasdaq: HMTV) (the "Company") 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... More