Quint Digital signs definitive stock purchase agreement with Lee Enterprises
The agreement is for participation in a private placement offer aggregating to $50 Mn
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Published: Dec 31, 2025 5:04 PM | 1 min read
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Media-tech company Quint Digital Limited (QDL) has announced that it has entered into a definitive stock purchase agreement with Lee Enterprises Inc. (LEE), a subscription and advertising platform and a leading provider of local news in US, for participation in a private placement offer aggregating to $50 Mn, according to a press release.
This strategic investment is led and backstopped by Anchor Investor David Hoffmann, who has committed approx. $ 35 Mn, along with participation from existing investors, including QDL. QDL has committed an investment of approx. $ 7.97 Mn at an investment price of $ 3.25 per share. Post the completion of the transaction, QDL’s stake in LEE will increase to 14.85%.
Subject to customary closing conditions and stockholder approval, LEE expects to receive the full $50 million of gross proceeds at the closing of the transaction, before transaction expenses.
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