WM Hinson (Bermuda) Ltd. offered to acquire 11.2% stake in MediaAlpha, Inc. (NYSE:MAX) for $50 million on May 26, 2023. WM Hinson will acquire 5 million shares of Class A Common Stock of MediaAlpha at a price of $10.00 per Common Share. The Offer is not conditioned on the receipt of financing.

The Offer is conditioned on a minimum number of 2,500,000 Common Shares being properly tendered and not properly withdrawn. The offer is subject to expiration or termination of the waiting period applicable to the purchase of Common Shares under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The tender offer commenced on May 26, 2023 and will expire on June 26, 2023.

D.F. King & Co., Inc. is the information agent for MediaAlpha. J.P. Morgan Securities LLC is acting as dealer manager in connection with the offer. Computershare Trust Company, N.A. is acting as depository for MediaAlpha shares in connection with the offer.