Liberated Syndication Announces $4.75 Million of New Equity Financing
Financing follows Libsyn’s acquisition of PAR and rapid growth of AdvertiseCast
“This new equity financing comes at such an exciting time in the history of Libsyn. With the acquisitions of AdvertiseCast in
The company also announced that AdvertiseCast revenue exceeded
Following the PAR acquisition and the financing transaction announced today, Libsyn has a cash balance of approximately
The Libsyn and AdvertiseCast financial information included in this press release is unaudited. The securities offered have not been nor will be registered under the Securities Act of 1933, as amended, and may not be offered absent registration or an exemption from registration. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About
Founded in 2004,
Libsyn is based in
Visit https://www.podadreps.com/podcasts-all to see some of the podcasts joining the AdvertiseCast marketplace.
Visit libsyn.com or investor.libsyn.com for more company information.
Forward-Looking Statement
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “would,” “will,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements contained herein may relate to future events, including our financial performance and the integration of PAR with AdvertiseCast and Libsyn.
These statements are subject to risk, uncertainties, and assumptions as to future events and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, those related to the outbreak of the coronavirus (“COVID-19”) and the global spread of COVID-19 during 2022, our change in business strategy towards more heavy reliance upon on our new talent segment and wholesale channels, our recent management and Board of Directors changes, actions of regulators (including the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005454/en/
At the Company:
investor@libsyn.com
(212) 836-9626
jhellman@equityny.com
Source: