Liberated Syndication Inc. (OTCPK:LSYN) announced that it has entered into a stock purchase agreement for private placement of 6,633,338 shares at a price of $3.75 per share for gross proceeds of $24,875,017.50 on March 29, 2021. The transaction is co-led by returning investor Camac Partners, LLC and new investor Hudson Executive Capital LP and will include participation from other new and returning investors. The closing of the transaction is subject to customary closing conditions and is expected to occur concurrently with the closing of the acquisition by May 31, 2021. The securities issued in the transaction are restricted. The company will issue shares pursuant to exemption provided under Section 4(a)(2) and Regulation D under the Securities Act of 1933, as amended.