09:01 AM EDT, 04/07/2025 (MT Newswires) -- Newsmax ( NMAX ) said Monday it has entered into a standby equity purchase agreement with YA II PN, or Yorkville.

Under the agreement, Newsmax ( NMAX ) has the option but not the obligation to require Yorkville to acquire up to $1.2 billion of its shares during a 24-month period.

Shares were 0.9% higher in recent premarket trading.