November 30, 2020         
realme's 50M Sales Achievement Attracts Positive Comments From Industry Leaders Anticipating Its Future   •   Hall of Fame Resort & Entertainment Company Reveals Details of Hall Of Trivia on HQ App   •   DISH Network Puts Consumers at Risk of Losing Network and Local Community Programming During Pandemic   •   Satmar Cancels Grand Annual Dinner   •   Vehicle Retail Sales Decline due to Quirky Sales Calendar; When Adjusted for Selling Days, Retail Sales Stable   •   Ismael Cala launches CalaBienestar.news, a daily digital newspaper about health and wellbeing   •   Michaels is Calling On #DifferenceMakers to Creatively Spread Holiday Cheer   •   More support to advance reform of services for Indigenous children and families   •   COVID-19 Can Be Beat - Please Don't Shut Down All Youth Activities Indiscriminately   •   Because Apes Are Hairy Too, MANSCAPED™ Supports the San Diego Zoo!   •   Comcast RISE Awards Over 700 Black-Owned, Small Businesses with Marketing and Technology Resources and Makeovers   •   iHeartMedia and Podimo Partner to Translate and Adapt Widely Popular Podcasts For Listeners Globally   •   COVID-19 Recovery Research Program launched   •   African American Immigrant Set to Launch MultiVendor Platform for Minority Communities and Small Businesses   •   Afiya Bennett Makes Stunning Appearance in L'officiel Brasil in Honor of Black Awareness Day in Brasil   •   Jamaican Boy's Post-Dog Attack Procedures Highlight the Less Well-Known Side of a Plastic Surgeon's Work, says Dr. J Plastic Sur   •   Chris Brown Wins Big at the 2020 “Soul Train Awards” Hosted by Tisha Campbell and Tichina Arnold   •   Government of Canada COVID-19 Update for Indigenous Peoples and communities   •   Enough is Enough: Ontario Engineering Community Committed to Uprooting Systematic Biases   •   Majority of Americans Expect to Buy Gifts This Holiday Season Despite Tumultuous Year, but Many Cut From the Gift List According
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