Today's Date: May 19, 2024
Historic Inaugural Class Graduates from OSU College of Osteopathic Medicine at the Cherokee Nation   •   L.A. Care and Blue Shield of California Promise Health Plans Unveil New, Vibrant Community Resource Center in Panorama City with   •   Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08   •   Historic Bellevue House reopens   •   The AZEK Company Receives NYSE Notice Regarding Filing of Form 10-Q for the Fiscal Quarter Ended March 31, 2024   •   Red Door Community Raises more than $300,000 at Their Annual Luncheon Celebrating Women Working and Living with Cancer   •   Sacred Heart Celebrates 125th Anniversary   •   Statement by the Prime Minister on Tamil Genocide Remembrance Day   •   Angels Helpers NYC 2024 Charity Gala Raises Funds for Harlem School of the Arts, Highbridge Voices   •   Aramco and Spiritus to Advance Direct Air Capture Technology, Investment by Aramco Ventures   •   May and Stanley Smith Charitable Trust Partners with American Indian College Fund to Support Native Student Veterans   •   Rockwell Institute Celebrates Highest Real Estate Exam Pass Rates for First-Time Test Takers in the State of Washington   •   Upneeq® Wins 2024 Shape Skin Award, “Best for Lift”, in the Professional Treatment Category   •   Federal, provincial and territorial ministers gather to support culture and heritage at annual meeting   •   WOMEN'S HEALTHCARE COMPANY WATKINS-CONTI RECEIVES FDA 510(K) CLEARANCE FOR NEW STRESS URINARY INCONTINENCE DEVICE YŌNI.FIT&   •   After Launching Massive Camp Giveaway for NYC Families Affected by "Summer Rising" Crisis, Brains & Motion Education (BAM!)   •   Xylem Inc. Declares Second Quarter Dividend of 36 Cents per Share   •   Dillard’s, Inc. Announces $0.25 Cash Dividend   •   Avangrid to Be Acquired by Iberdrola   •   HERImpact: Entrepreneurship for Impact Program Kicks Off in Chicago, Empowering Women Entrepreneurs
Bookmark and Share

BET Founder Raises $125M In IPO Offering

 BETHESDA, MD - Robert L. Johnson, Chairman of The RLJ Companies and founder of Black Entertainment Television (BET), has just announced that RLJ Acquisition, Inc. (the “Company”) has successfully raised $125 million in its initial public offering. The Company sold 12.5 million units at $10.00 per unit, each unit consisting of one share of common stock and one warrant to purchase an additional share of common stock. The Company may sell up to an additional 1.875 million units at $10.00 per unit if the underwriters’ exercise their over-allotment option. The Company is a special purpose acquisition company (“SPAC”), also known as a blank check company, a publicly traded vehicle that will seek to acquire a privately-held operating company

Initially, the units will be the only security trading. The Company’s units began trading on the Over-the-Counter Bulletin Board quotation system under the ticker symbol “RLJAU” on February 22, 2011. The common stock and warrants comprising the units will begin separate trading on the 52nd day following February 22, 2011 (or such earlier number of days as the underwriters may permit), subject to the Company’s filing a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting its receipt of the gross proceeds of this offering and issuing a press release announcing when such separate trading will begin.

The lead underwriter for this offering is Lazard Capital Markets, with Ladenburg Thalmann & Co. Inc. acting as co-manager.

The Company intends to use the net proceeds from this offering to acquire one or more operating businesses through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination as described in the prospectus.
 
 

STORY TAGS: BLACK NEWS, AFRICAN AMERICAN NEWS, MINORITY NEWS, CIVIL RIGHTS NEWS, DISCRIMINATION, RACISM, RACIAL EQUALITY, BIAS, EQUALITY, AFRO AMERICAN NEWS

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News