STOCK TITAN

BuzzFeed (NASDAQ: BZFD) sells 4,000,000 shares at $1.44 in private deal

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BuzzFeed, Inc. entered into private share purchase agreements to raise new equity capital. On June 17, 2026, Allen Family Digital, LLC agreed to buy 4,000,000 Class A shares at $1.44 per share, made up of 2,173,155 newly issued shares and 1,826,845 treasury shares, providing the company with approximately $5.8 million in proceeds.

BuzzFeed also agreed to sell a cumulative 216,999 additional Class A shares to individual purchasers at the same $1.44 price. All 4,216,999 shares were issued on June 18, 2026 as an unregistered sale of equity securities relying on the Section 4(a)(2) exemption under the Securities Act.

Positive

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Negative

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Insights

BuzzFeed raises cash through a small, targeted private share sale.

BuzzFeed sold 4,000,000 Class A shares to Allen Family Digital, LLC and 216,999 shares to individual purchasers at $1.44 per share. The company reports aggregate proceeds of approximately $5.8 million from the main agreement, adding incremental liquidity without using the public market.

The deals are structured as unregistered sales relying on Section 4(a)(2) of the Securities Act, meaning they were privately negotiated with sophisticated investors. Actual dilution depends on BuzzFeed’s total shares outstanding, which is not detailed here. Future company filings may clarify how this added capital fits into broader funding and operating plans.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Main shares sold 4,000,000 shares Class A common stock sold to Allen Family Digital, LLC
Secondary shares sold 216,999 shares Class A common stock sold to individual purchasers
Share price $1.44 per share Price for both agreements, matching June 15, 2026 close
Aggregate proceeds approximately $5.8 million Proceeds from 4,000,000-share sale to Allen Family Digital, LLC
Newly issued shares 2,173,155 shares Portion of 4,000,000 shares to Allen Family Digital, LLC
Treasury shares sold 1,826,845 shares Portion of 4,000,000 shares to Allen Family Digital, LLC
Warrant exercise price approximately $46.00 per share Exercise price of redeemable warrants listed on Nasdaq
Securities Act exemption Section 4(a)(2) Exemption relied on for unregistered share issuances
Share Purchase Agreement financial
"entered into a Share Purchase Agreement (the “Agreement”) with Allen Family Digital, LLC"
A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.
treasury shares financial
"the Shares, consisting of 2,173,155 newly issued shares and 1,826,845 treasury shares"
Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.
Unregistered Sale of Equity Securities regulatory
"Item 3.02. Unregistered Sale of Equity Securities."
Section 4(a)(2) regulatory
"These issuances are exempt from registration ... in reliance upon Section 4(a)(2) of the Securities Act."
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Redeemable warrants financial
"Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 17, 2026
BuzzFeed, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3987785-3022075
(State or other jurisdiction of
 incorporation or organization)
(Commission
 File Number)
(I.R.S. Employer
 Identification Number)
50 West 23rd Street
New York, New York 10010
(Address of registrant’s principal executive offices, and zip code)
(646) 397-2039
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:



Title of each class 
Trading
 Symbol(s)
 
Name of each exchange
 on which registered
Class A Common Stock, $0.0001 par value per share BZFD The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of approximately $46.00 per share BZFDW The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨







Item 1.01 Entry into a Material Definitive Agreement.

On June 17, 2026, BuzzFeed, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Agreement”) with Allen Family Digital, LLC (the “Purchaser”), an affiliate of Byron Allen’s family office, pursuant to which the Purchaser agreed to purchase 4,000,000 shares of the Company’s Class A common stock (the “Shares”), consisting of 2,173,155 newly issued shares and 1,826,845 treasury shares. The Purchaser paid a price of $1.44 per share, which represents the closing price on June 15, 2026 as reported by The Nasdaq Stock Market LLC. The Company received aggregate proceeds of approximately $5.8 million on June 17, 2026.

Additionally, on June 17, 2026, the Company entered into a second Share Purchase Agreement (the “Second Agreement”) with certain individual purchasers, pursuant to which the Company agreed to sell a cumulative 216,999 shares of the Company’s Class A common stock, also at a price of $1.44 per share.

The Agreement and the Second Agreement were approved by the Company’s board of directors.

The foregoing description of the Agreement and the Second Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Agreement and the Second Agreement, which are attached hereto as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference.

Item 3.02. Unregistered Sale of Equity Securities.

The disclosures contained in Item 1.01 of this Current Report on Form 8-K regarding the Agreement and the Second Agreement are incorporated herein by reference.

On June 18, 2026, the Shares were issued to the Purchaser pursuant to the Agreement. On the same date, an aggregate of 216,999 shares of Class A common stock were issued to the individual purchasers pursuant to the Second Agreement. These issuances are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon Section 4(a)(2) of the Securities Act.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
10.1
Share Purchase Agreement dated June 17, 2026 by and among BuzzFeed, Inc. and Allen Family Digital, LLC.
10.2
Form of Share Purchase Agreement dated June 17, 2026 by and among BuzzFeed, Inc. and individual purchasers.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:6/22/2026  
  BuzzFeed, Inc.
    
  By: /s/ Matthew Omer
   Name: Matthew Omer
   Title: Chief Financial Officer



FAQ

What equity financing did BuzzFeed (BZFD) announce with Allen Family Digital, LLC?

BuzzFeed agreed to sell 4,000,000 Class A shares to Allen Family Digital, LLC at $1.44 per share. The mix includes newly issued and treasury shares, providing approximately $5.8 million in proceeds from this main agreement.

At what price did BuzzFeed (BZFD) sell new Class A common stock?

BuzzFeed sold its Class A common stock at $1.44 per share. This price matches the June 15, 2026 Nasdaq closing price and applied to both the Allen Family Digital, LLC purchase and the additional 216,999 shares sold to individual purchasers.

How many BuzzFeed (BZFD) shares were issued in total under these private agreements?

BuzzFeed issued 4,000,000 Class A shares to Allen Family Digital, LLC and 216,999 shares to individual purchasers. All 4,216,999 shares were delivered on June 18, 2026 under privately negotiated share purchase agreements.

How much cash did BuzzFeed (BZFD) receive from the Allen Family Digital, LLC share sale?

BuzzFeed received aggregate proceeds of approximately $5.8 million from selling 4,000,000 Class A shares to Allen Family Digital, LLC. The shares were priced at $1.44 each, matching the June 15, 2026 Nasdaq closing price for BuzzFeed stock.

Were the new BuzzFeed (BZFD) shares sold in a registered public offering?

No. The BuzzFeed share sales were unregistered offerings conducted as private placements. The company relied on the Section 4(a)(2) exemption under the Securities Act for both the Allen Family Digital, LLC transaction and the individual purchasers’ share issuances.

When were the new BuzzFeed (BZFD) shares issued to investors?

BuzzFeed issued the shares on June 18, 2026. On that date, 4,000,000 Class A shares went to Allen Family Digital, LLC and 216,999 Class A shares went to individual purchasers, completing the private placements described in the agreements.

Filing Exhibits & Attachments

6 documents