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Zedge raises USD 7.68 million in unregistered Class B share sale to insiders

PUBT·09/10/2026 20:31:27
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Zedge raises USD 7.68 million in unregistered Class B share sale to insiders
  • Zedge entered securities purchase agreements dated Sept. 8 and 10, 2026 for an unregistered private placement raising USD 7.68 million.
  • Sale covers 2,616,447 shares of Class B common stock at USD 2.93 or USD 2.98 per share.
  • Investors also received warrants for 2,354,803 Class B shares, equal to 90% warrant coverage.
  • Warrants carry a USD 3.22 or USD 3.28 strike, expire five years from initial exercise date, cash exercise only.
  • Howard Jonas invested USD 6.5 million; director Elliot Gibber invested USD 650,000; closing due within 15 days of execution.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zedge Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-098816), on September 10, 2026, and is solely responsible for the information contained therein.