Today's Date: December 3, 2022
Financial Columnist Terry Savage Offers Money-Saving Tips to Older Adults   •   Announcement for the purposes of Rule 2.8 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022 (the “Irish Takeover   •   INVESTOR DEADLINE: Olaplex Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit &ndash   •   Bark Technologies Announces a Strategic MVNO Agreement with T-Mobile Enabling Mobile Service for its Bark Phone Featuring Childr   •   Braun-Bostich & Associates to Participate in Mon Valley Leathernecks 2022 Toys for Tots Drive   •   EHEALTH INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Of   •   PAYPAL HOLDINGS, INC. DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Fil   •   In Uganda, Blind Football brings the Visually-Impaired out on the Field   •   Jack Nathan Health Provides Corporate Update   •   PROVIDENT ALERT: Bragar Eagel & Squire, P.C. is Investigating Provident Bancorp, Inc. on Behalf of Provident Stockholders an   •   GENERAC HOLDINGS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losse   •   INT'L DAY OF PEOPLE WITH DISABILITIES: Salesian Missions highlights social and educational programs that promote inclusion   •   Savory & Partners: Birthright citizenship and the exciting world of birth tourism   •   Goldfish Swim School's Pediatrician Offers Winter Water Safety Tips, Suggests Giving the Gift of Activity this Holiday Season wi   •   Statement by the Prime Minister on the International Day of Persons with Disabilities   •   Canada's Indo-Pacific Strategy to support growth and prosperity for the agriculture and agri-food sector   •   OPENDOOR DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Op   •   Louisiana local Ronnie Schwartz clinches St. Jude Hero Among Us Award   •   Veterans Who Have Experienced Military Sexual Trauma Have Issued a Public Statement Regarding Public Discourse Surrounding the I   •   GENERAC ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Generac Holdings, In
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
Breaking News
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