Financing ·
Zedge, Inc. entered into a Securities Purchase Agreement on September 8 and 10, 2026, with Vice Chairman Howard Jonas…
ZDGEZedge, Inc.
Zedge, Inc. entered into a Securities Purchase Agreement on September 8 and 10, 2026, with Vice Chairman Howard Jonas, Board member Elliot Gibber, and another stockholder to raise $7,675,000 in aggregate proceeds. The company sold 2,616,447 shares of Class B common stock at approximately $2.93–$2.98 per share, along with warrants to purchase an additional 2,354,803 shares. Jonas invested $6,500,000, Gibber invested $650,000, and the third purchaser invested $525,000. The warrants carry exercise prices of $3.22 or $3.28 per share and expire five years after issuance, subject to stockholder approval for NYSE American compliance. This private placement involves insiders and represents a significant equity financing event. Zedge, Inc. operates in the digital content and mobile applications industry.