Mediaco Holding Inc. Files 8-K for Material Agreement
Ticker: MDIA · Form: 8-K · Filed: Dec 13, 2024 · CIK: 1784254
| Field | Detail |
|---|---|
| Company | Mediaco Holding Inc. (MDIA) |
| Form Type | 8-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $2,031,019 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing, radio-broadcasting
TL;DR
Mediaco Holding Inc. just filed an 8-K for a new material agreement. Big news coming.
AI Summary
Mediaco Holding Inc. filed an 8-K on December 13, 2024, reporting a material definitive agreement entered into on December 12, 2024. The filing also includes financial statements and exhibits. The company, incorporated in Indiana, is primarily involved in radio broadcasting stations.
Why It Matters
This 8-K filing indicates a significant new agreement for Mediaco Holding Inc., which could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Numbers
- 0001784254 — Central Index Key (Unique identifier for Mediaco Holding Inc.)
- 001-39029 — SEC File Number (SEC filing number for Mediaco Holding Inc.)
Key Players & Entities
- Mediaco Holding Inc. (company) — Registrant
- December 13, 2024 (date) — Filing Date
- December 12, 2024 (date) — Date of Earliest Event Reported
- 48 West 25th Street, Third Floor (location) — Principal Executive Offices
- New York (location) — City of Principal Executive Offices
- 10010 (location) — Zip Code of Principal Executive Offices
FAQ
What is the nature of the material definitive agreement?
The filing states that an 'Entry into a Material Definitive Agreement' is an item of information, but the specific details of the agreement are not provided in this summary.
When was the material definitive agreement entered into?
The material definitive agreement was entered into on December 12, 2024.
What is Mediaco Holding Inc.'s primary business?
Mediaco Holding Inc.'s Standard Industrial Classification is 'RADIO BROADCASTING STATIONS [4832]'.
Where are Mediaco Holding Inc.'s principal executive offices located?
Mediaco Holding Inc.'s principal executive offices are located at 48 West 25th Street, Third Floor, New York, NY 10010.
What is the filing date of this 8-K?
This 8-K filing was made on December 13, 2024.
Filing Stats: 888 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-12-13 06:01:27
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share MDIA Nasdaq Capital Marke
- $2,031,019 — ng an aggregate offering price of up to $2,031,019 (the "Shares"). Under the Sales Agreem
Filing Documents
- ny20033934x6_8k.htm (8-K) — 32KB
- ny20033934x6_ex1-1.htm (EX-1.1) — 268KB
- ny20033934x6_ex5-1.htm (EX-5.1) — 16KB
- ny20033934x6_ex5-1image01.jpg (GRAPHIC) — 7KB
- ny20033934x6_ex5-1image02.jpg (GRAPHIC) — 3KB
- 0001140361-24-049265.txt ( ) — 532KB
- mdia-20241212.xsd (EX-101.SCH) — 4KB
- mdia-20241212_lab.xml (EX-101.LAB) — 22KB
- mdia-20241212_pre.xml (EX-101.PRE) — 16KB
- ny20033934x6_8k_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement. At-The-Market Sales Agreement On December 12, 2024, MediaCo Holding Inc. (the "Company") entered into an At-The-Market Sales Agreement (the "Sales Agreement") with BTIG, LLC and Moelis & Company LLC (together, the "Agents"), pursuant to which the Company may offer and sell, from time to time through or to the Agents, as agents, shares of the Company's Class A Common Stock, $0.01 par value per share (the "Common Stock"), having an aggregate offering price of up to $2,031,019 (the "Shares"). Under the Sales Agreement, the Agents may sell the Shares by any method permitted by law deemed to be an "at the market offering" as defined in Rule 415 promulgated under the Securities Act of 1933, as amended. In connection with receipt of a Placement Notice (as defined in the Sales Agreement), the Agents will use commercially reasonable efforts, consistent with their normal trading and sales practices and applicable state and federal laws, to sell the Shares up to the amount specified by the Company in such Placement Notice. The Company may instruct the Agents not to sell Shares if the sales cannot be effected at or above the price designated by the Company from time to time. The Company is not obligated to make any sales of the Shares under the Sales Agreement. This offering of Shares pursuant to the Sales Agreement will terminate upon the earlier of (a) the sale of all of the Shares subject to the Sales Agreement or (b) the termination of the Sales Agreement by the Agents or the Company, as permitted therein. The Company will pay the Agents a commission rate equal to 4.00% of the aggregate gross proceeds from each sale of Shares and have agreed to provide the Agents with customary indemnification and contribution rights. The Company will also reimburse the Agents for certain specified expenses in connection with entering into the Sales Agreement. The foregoing description of the Sales Agreement does not purport to b
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 1.1 At-The-Market Sales Agreement, dated December 12, 2024, by and among MediaCo Holding Inc., BTIG, LLC and Moelis & Company LLC. 5.1 Opinion of Bose McKinney & Evans LLP. 23.1 Consent of Bose McKinney & Evans LLP (included in Exhibit 5.1). 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEDIACO HOLDING INC. Date: December 13 , 2024 By: /s/ Debra DeFelice Name: Debra DeFelice Title: Chief Financial Officer and Treasurer