Shares of Newsmax ( NYSE: NMAX) are down by double-digits in heavy trading following a filing the company made with the U.S.

The settlement “and associated legal fees of $76.9 million” were a big reason why Newsmax lost money last year, according to SEC filings. But the on-air ads for the IPO were successful.

A Newsmax spokesman declined to comment further on the details of the settlement. In the SEC filing, Newsmax said the settlement with Smartmatic will “eliminate future legal expenses the company ...

Conservative cable channel Newsmax paid $40 million to settle a ... Smartmatic had argued in court filings the conservative cable channel damaged its reputation by airing false claims about ...

Newsmax's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should ...

according to Newsmax’s 10-K SEC filing. The company also said in its filing that it has identified "material weaknesses" in its financial reporting controls such that there may be "a material ...

BOCA RATON, FL / ACCESS Newswire / June 2, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that ...