Mark Elenowitz, managing director for Digital Offering LLC, with Newsmax’s private placement investments reaching the $185 million mark, urged potential investors interested in the offering to act soon, as the deadline for the opportunity is approaching rapidly. 

“We’ve been talking about this for the last six months as Newsmax has been preparing to go public onto the New York Stock Exchange,” Elonowitz explained to Newsmax’s Lidia Curanaj Saturday. “Ahead of that, we’ve been doing what’s called a private placement. And that’s that $185 million number. We actually just increased the size of the offering. It originally was $150 million, with the ability now to go up to $225 million.”

But the time to get involved in the private placement is coming to an end on Jan. 31. 

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