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Quint Digital enters into definitive stock purchase agreement with Lee Enterprises
Dec-31-2025

Quint Digital (QDL) has entered into a definitive stock purchase agreement with Lee Enterprises Inc. (LEE), a major subscription and advertising platform and a leading provider of local news in US, for participation in a private placement offer aggregating to $50 million. This strategic investment is led and backstopped by Anchor Investor David Hoffmann, who has committed approximately $35 million, along with participation from existing investors, including QDL. 

QDL has committed an investment of around $7.97 million at an investment price of $3.25 per share. Post the completion of the transaction, QDL’s stake in Lee will increase to 14.85%. Subject to customary closing conditions and stockholder approval, Lee expects to receive the full $50 million of gross proceeds at the closing of the transaction, before transaction expenses. Funds will be used by Lee for working capital and general corporate purposes including payment of customary fees. 

Quint Digital is primarily engaged in the business of running websites through web, digital or mobile media and which may include various information including current affairs, lifestyle, entertainment etc.


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