Glenn Beck’s TheBlaze raises $6.4 mln of targeted $40 mln – Corrected

Radio and television personality Glenn Beck shows a copy of the Koran during a speech at FreePAC Kentucky in Louisville

Fundraising is going slowly for TheBlaze Inc, a news and opinion website founded by conservative TV personality Glenn Beck.

The company said in an SEC filing today that it has raised just $6.4 million of a planned $40 million since it revealed its fundraising plans last year. Its initial filing in March 2013 stated that it had raised $1.5 million at that time.

(Update: “TheBlaze has been very selective in who we are accepting as investors to make sure that their interests are aligned,” a spokesman for the company told peHUB.)

The new document states that the new capital came from five investors, but none is named.

Hypatia Capital Advisors LLC has been will be paid $2.8 million in sales commission for the capital if the entire $40 million is raised, according to the filing.

Correction: The original headline for this story was changed because it went beyond what the article reported.

Photo: Radio and television personality Glenn Beck speaks to a gathering at FreePAC Kentucky at the Kentucky International Convention Center in Louisville, Kentucky April 5, 2014. REUTERS/John Sommers II

Related Posts

Leave a Reply

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget