- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Quint Digital Limited's board has approved signing a stock purchase agreement to participate in a private placement offer by Lee Enterprises Inc., a US-based major subscription and advertising platform. QDL committed approximately $7.97 million in cash, acquiring shares at $3.25 each. This strategic investment is part of a larger $50 million private placement, with funds allocated for Lee's working capital. Post-acquisition, QDL's shareholding in Lee Enterprises will increase to 14.85%, expanding QDL's footprint in the digital media and advertising sector. The transaction is expected to conclude within 45-60 days.