Lee Enterprises shares jump 10.34% intraday after rescheduling shareholder meeting to secure $50M equity raise.

Lee Enterprises surged 10.34% intraday after announcing the rescheduling of its special stockholder meeting to December 19, 2025, from December 4, to allow additional time for engagement on a proposed $50 million equity raise. The delay aims to maximize participation in voting on the capital raise, which the company claims will reduce its term loan interest rate from 9% to 5% for five years, potentially saving $90 million over the period. The rescheduling maintains the original record date and unchanged proposals, with previously submitted proxies remaining valid. The move signals improved investor confidence in the company’s debt restructuring strategy, aligning with the sharp intraday rally.