Zedge raises USD 7.68 million in unregistered Class B share sale to insiders
ZDGE•Warrants and terms
Investors also received warrants for 2,354,803 Class B shares, equal to 90% warrant coverage.
The warrants carry a USD 3.22 or USD 3.28 strike, expire five years from the initial exercise date, and are cash exercise only.
Private placement details
Zedge entered securities purchase agreements dated Sept. 8 and 10, 2026 for an unregistered private placement raising USD 7.68 million.
The sale covers 2,616,447 shares of Class B common stock at USD 2.93 or USD 2.98 per share.
Insider participation and closing
Howard Jonas invested USD 6.5 million, and director Elliot Gibber invested USD 650,000.
Closing is due within 15 days of execution.
