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.

Zedge, Inc. appointed Morris Berger as Chief Executive Officer effective October 1, 2026, succeeding Jonathan Reich, who will transition to President and Chief Operating Officer on September 30, 2026. The company announced a proposed $7.5 million private placement led by Vice Chairman Howard Jonas to accelerate its DataSeeds.AI strategy. Concurrently, Zedge suspended its existing share repurchase program while maintaining its quarterly cash dividend policy. The company operates in the digital content and AI data services industry.

Zedge, Inc. announced its results of operations for the fiscal quarter ended April 30, 2026, via a press release issued on June 11, 2026. The company is a digital content platform provider in the technology sector.