Lee Enterprises, Incorporated entered into a First Amendment to a Stock Purchase Agreement with several investors including David H. Hoffmann, Quint Digital Limited, Solas Capital Partners, LP, Blackwell Partners LLC – Series A, Bergen Asset Partners and Niraj Javeri. The amendment modifies standstill provisions, allowing investors owning more than 10% of outstanding common stock to purchase up to 600,000 shares during the standstill period, or more if via a qualified Rule 10b5-1 trading plan. Lee Enterprises, Incorporated is a media company that provides advertising and subscription-based services.
