Acquisitions6 Feb 2026, 09:27 am
Quint Digital Completes $7.97 Million Stake Acquisition in LEE Enterprises
AI Summary
Quint Digital Limited has completed the acquisition of 2,451,346 common stocks in LEE Enterprises, Incorporated, a Delaware corporation, under private placement offer. LEE is a major subscription and advertising platform and a leading provider of local news and information with daily newspapers and rapidly growing digital products. The total operating revenue for LEE for the year ended on September 28, 2025, was $562,341,000. Quint Digital subscribed to 2,451,346 common stocks at a price of approx. $3.25 per share, aggregating to $7,966,876. Post-acquisition, Quint Digital holds 14.451% of LEE's shares.
Key Highlights
- Quint Digital completed the acquisition of 2,451,346 common stocks in LEE Enterprises, Incorporated for $7,966,876.
- LEE Enterprises is a major subscription and advertising platform and a leading provider of local news and information with daily newspapers and rapidly growing digital products.
- LEE Enterprises had a total operating revenue of $562,341,000 for the year ended on September 28, 2025.
- Quint Digital now holds 14.451% of LEE Enterprises' shares post-acquisition.
- LEE Enterprises is headquartered in Davenport, Iowa, and is listed on Nasdaq under the ticker LEE.