NEW YORK, March 4, 2016 /PRNewswire/ -- NewsBeat Social—the video-first news agency that gathers news from around the world and delivers premium, objective one-minute news reports across social media—announced its filing for a Regulation A+ IPO. With a unique monthly reach of 59 million users on Facebook as of December 2015, NewsBeat Social is the first company filing for a Regulation A+ IPO with access to a large pool of potential public investors who are already part of its monthly audience.
The company plans to list its common stock on The NASDAQ Capital Market under the symbol "NEWZ" following the offering. The offering will be conducted on a best efforts basis by WR Hambrecht + Co as the sole underwriter.
"NewsBeat Social is re-inventing news at a time when consumers, advertisers and the industry are eager for change," said Reese Schonfeld, co-founder of CNN and the Food Network, and NewsBeat Social advisory board member. "Providing informed news, and delivering it via social media with an optimized consumer experience built for mobile, the company is building an approach to news that meets the expectations of today's on-the-go, globally-minded news audiences."
"This is a really exciting moment that marks a new phase of our growth," said NewsBeat Social President Geoff Campbell. "Giving our viewers a chance to participate in our IPO cuts to the core of our mission of maintaining an independent and transparent newsroom, while allowing them to benefit from our growth."
NewsBeat Social's rapid rise as a leader in social media-delivered video news has been powered by its news coverage of world events, politics, science, technology, business, health, nature, culture and trends in one-minute videos presented by a team of diverse news anchors.
NewsBeat Social has produced over 30,000 video news reports, which have garnered over 8 billion lifetime impressions and over 423 million views by people in 236 countries around the world, and have drawn nearly 3 million fans on Facebook.
"NewsBeat Social's objective one-minute news begins with the consumer's perspective and experience," said Peter Shea, owner of Entrepreneur Media and one of the seed investors in the company. "By looking at where consumers are consuming news, and how they want to consume it, NewsBeat Social is creating a new type of news that's going to have a transformative effect on the industry."
"Truthfulness, accuracy and objectivity—these are the core values of journalism and NewsBeat Social gets that," said Victoria Pope, a NewsBeat Social advisory board member and Smithsonian Journeys editor-in-chief. "It also gets the importance of delivering the news in a cutting-edge way: through the platforms and social media that connect the world."
NewsBeat Social was launched by founder and CEO Stanley W. Fields in 2013. The company's leadership team includes Campbell, a former digital media executive for DISH Network and Sony who also previously worked at the Boston Consulting Group; CMO Mary Nickerson, a former marketing executive at Toyota and director at GM Hughes Electronics; CFO Myron Landin, an expert in advising publicly traded companies and formerly CFO of Eagle InterCommunications; and COO and co-founder Tyler Peterson, who previously founded and led Pod27, a mobile tool for film production.
The amendments to Regulation A known as "Regulation A+" were adopted by the SEC in March 2015 and became effective in June 2015. Regulation A+ is designed to "assist smaller companies with capital formation and provide public investors with additional protections" by providing amended regulations for companies raising funds in the public market, according to a SEC announcement.
For more information on the NewsBeat Social Regulation A+ IPO, visit www.newsbeatsocial.com/IPO.
NewsBeat Social is a video-first news agency gathering coverage from around the world and delivering premium, objective one-minute news reports across social media. NewsBeat Social's news reports cover world events, politics, science, technology, business, health, nature, culture and trends. NewsBeat Social has attracted more than 2.8 million fans on Facebook and its reports have been viewed over 423 million times. Founded in 2013, NewsBeat Social is gathering and delivering news to today's time-pressed, mobile-focused audiences around the world.
WR Hambrecht + Co focuses on raising growth capital for a variety of different enterprises. Like its predecessor firm, Hambrecht & Quist, WRH+Co seeks to identify high prospects growth-stage companies, and then enable access to the capital necessary to fund development, marketing and infrastructure so that these companies can achieve their full potential. WRH+Co's Regulation A+ strategy is a continuation of Bill Hambrecht's legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.
The offering is being made only by means of an offering circular. An offering statement on Form 1-A relating to these securities has been filed with the Securities and Exchange Commission but has not yet become qualified. You may obtain a copy of the most recent version of the preliminary offering circular with the following link: https://www.sec.gov/Archives/edgar/data/1661424/000114420416085843/v432385_partiiandiii.htm. These securities may not be sold nor may offers to buy be accepted prior to the time the offering statement is qualified. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
No money or other consideration is being solicited in connection this press release, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement on Form 1-A is qualified pursuant to Regulation A of the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any person's indication of interest involves no obligation or commitment of any kind.
Contact: Kaitlyn Kurosky
212 918 2040
SOURCE NewsBeat Social