Newsmax

Newsmax

Closed: Mar. 2025

About this raise

Newsmax is raising funds through Reg A+ crowdfunding with Digital Offering as the Broker-Dealer. It is a leading news and new media company that provides balanced coverage, diverse viewpoints, and honest debates on issues affecting people’s lives. Newsmax has a streaming channel, Newsmax2, the Newsmax app, and Newsmax.com, and it is the fourth highest-rated news channel. Christopher Ruddy founded Newsmax in 2024. The current crowdfunding round has a maximum target of $75 million. The campaign proceeds will be used for talent and programming, marketing, distribution and digital expansion, and working capital.

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Investment Overview

Invested this round: $75,000,000

Deal Terms

Platform
Digital Offering
Start Date
03/07/2025
Close Date
03/31/2025
Min. Goal
$500
Max Goal
$75,000,000
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.00

Company & Team

Company

Year Founded
2024
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Location
Boca Raton, Florida
Company Website
Visit Website

Team

Employees
419

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$4,626,104
 Runway
1.4 months

Balance Sheet

Cash and Cash Equivalents

$6,651,963

Investment Securities

$1,035,974

Accounts and Notes Receivable

$22,975,614

Property, Plant and Equipment (PP&E)

$6,993,097

Property and Equipment

$6,993,097

Total Assets

$68,873,109

Long Term Debt

$0

Total Liabilities

$142,303,090

Total Stockholders' Equity

$-200,720,490

Total Liabilities and Equity

$68,873,109

Statement of Comprehensive Income Information

Total Revenues

$79,826,377

Costs & Expenses Applicable to Rev

$41,404,791

Depreciation and Amortization

$3,153,473

Net Income

$-55,513,247

Earnings Per Share - Basic

$-9,623.00

Earnings Per Share - Diluted

$-9,623.00

Auditor: BDO USA, P.C
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2025 Digital Offering - $75,000,000 Equity - Common Funded RegA+
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Newsmax on Digital Offering 2025
Platform: Digital Offering
Security Type: Equity - Common
Price per Share: $10.00

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Warning: according to the close date for this deal, Newsmax may no longer be accepting investments.

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