Dec. 30 at 2:11 PM
$LEE Watching. Thin float no dilution. PP not closing until 2026.
Lee Enterprises (Nasdaq: LEE) entered a definitive agreement for a
$50.0 million private placement of common stock at
$3.25 per share, anchored and backstopped by investor David Hoffmann. Hoffmann has committed approximately
$35.0 million with other existing investors committing about
$15.0 million. Closing is subject to customary conditions and stockholder approval at a special meeting expected Q1 2026.