Hemisphere Media Group, Inc. Announces Offering of Common Stock

MIAMI, Nov. 15, 2021 /PRNewswire/ — Hemisphere Media Group, Inc. (Nasdaq: HMTV) (the “Company”) today announced that it has commenced an underwritten public offering of 6,000,000 shares of its Class A common stock.  In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of its Class A common stock. The Company expects to use the net proceeds from the offering for general corporate purposes.

BofA Securities and J.P. Morgan Securities LLC are acting as the lead bookrunning managers and representatives of the underwriters of the offering. Wells Fargo Securities, LLC is also acting as a lead bookrunning manager of the offering. Guggenheim Securities, LLC and RBC Capital Markets, LLC are acting as joint bookrunning managers of the offering.

A shelf registration statement relating to these shares of Class A common stock has been filed with the U.S. Securities and Exchange Commission (“SEC”) and has become effective. The offering of the shares of Class A common stock is being made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus relating to the offering of the shares of Class A common stock will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attn: Prospectus Department, Email: [email protected], 1-800-294-1322; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or by emailing at [email protected]; or Wells Fargo Securities at: 500 West 33rd Street, New York, New York, 10001, Attn: Equity Syndicate Department at (833) 690-2713 or email a request to [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and there will not be any sales in any jurisdiction in which such sales would be unlawful.

About Hemisphere Media Group, Inc.

Hemisphere Media Group, Inc. (HMTV) is the only publicly traded pure-play U.S. media company targeting the high-growth U.S. Hispanic and Latin American markets with leading television, streaming and digital content platforms. Headquartered in Miami, Florida, Hemisphere owns and operates five leading U.S. Hispanic cable networks, two Latin American cable networks, the leading broadcast television network in Puerto Rico, the leading Spanish-language subscription streaming service in the U.S., a Spanish-language content distribution company and has an ownership interest in a leading broadcast television network in Colombia.

Contact Hemisphere Media Group, Inc.:

Edelman Financial Communications for Hemisphere Media Group
Danielle O’Brien
[email protected]

Forward Looking Statements

The information disclosed in this press release includes contain certain statements about the Company  and its consolidated subsidiaries that do not directly or exclusively relate to historical facts. These statements are, or may be deemed to be, “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are necessarily estimates reflecting the best judgment and current expectations, plans, assumptions and beliefs about future events (in each case subject to change) of our senior management and management of our subsidiaries (including target businesses) and involve a number of risks, uncertainties and other factors, some of which may be beyond our control that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “should,” “would,” “could,” “might,” “expect,” “positioned,” “strategy,” “future,” “potential,” “forecast,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. These include, but are not limited to, the Company’s future financial and operating results (including growth and earnings), plans, objectives, expectations and intentions and other statements that are not historical facts. We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all forward-looking statements. Forward-looking statements are not guarantees of performance. Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements are discussed under the heading “Risk Factors” and “Forward-Looking Statements” in the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC, as they may be updated in any future reports filed with the SEC. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance, or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Additionally, many of these risks are currently amplified by and may, in the future, continue to be amplified by the prolonged impact of the COVID-19 pandemic. Forward-looking statements included herein are made as of the date hereof, and the Company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances.

SOURCE Hemisphere Media Group, Inc.

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