Beasley Broadcast Group, Inc. (NASDAQ:BBGI), a multi-platform media company, announced today that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of (i) 357,000 shares of Class A Common Stock, par value $0.001 per share ("Class A Common Stock"), of the Company (or common stock equivalents in lieu thereof) at a purchase price of $14.00 per share in a registered direct offering and (ii) unregistered warrants to purchase up to 357,000 shares of Class A Common Stock in a concurrent private placement (the "Common Warrants").

The Common Warrants will have an exercise price of $15.00 per share of Class A Common Stock, will be initially exercisable six months following the date of issuance and will expire five and a half years from the date of issuance.

The gross proceeds from the offering and the concurrent private placement are expected to be approximately $5.0 million, before deducting placement agent commissions and other offering expenses.

The closing of the offering and the concurrent private placement is expected to occur on or about September 30, 2026, subject to the satisfaction of customary closing conditions. Beasley currently intends to use the net proceeds from the offering and the concurrent private placement to reduce borrowings under its secured asset-based revolving credit facility and to redeem a portion of Beasley Mezzanine Holdings LLC's 11.000% Senior Secured First Lien Notes due 2028 at a redemption price of 100.000% plus interest accrued to, but excluding, the date of redemption.