QYOU Media Secures $750,000 Funding Through Private Placement
QYOU Media Completes Private Placement Offering
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF), a notable player in the media landscape, has successfully executed its Non-Brokered Private Placement Offering. This strategic move has raised a substantial $750,000, a crucial step in supporting the company's growth and operational needs.
Details of the Offering
The Private Placement involved the issuance of 25,000,000 Units, priced at $0.03 each. Each Unit comprises one Common Share and three-quarters of one Warrant. Notably, each whole Warrant gives its holder the opportunity to purchase an additional Common Share at $0.06, available until a specified date in 2027.
Use of Proceeds
The net proceeds from this Offering will be allocated to various purposes: repaying existing loans, covering payments related to the acquisition of Chatterbox Technologies Limited, and bolstering working capital. These steps underline QYOU Media's commitment to strengthening its financial footing and facilitating future expansions.
Compensation for Assistance
To acknowledge key contributions, the Company has compensated advisors involved in this offering, providing finder's fees totaling approximately $30,552 and issuing additional Finder's Warrants. These warrants enable the acquisition of up to 991,711 Units under similar terms as the original offering.
Implications of Insider Participation
As part of this offering, insiders of QYOU Media, including directors and officers, invested in 3,334,000 Units. This kind of participation falls under the classification of related party transactions but adheres to the necessary regulations set forth by financial authorities, exempting it from certain formal requirements.
Approval and Regulatory Compliance
All securities issued as part of this Offering are subject to a hold period mandated by Canadian securities laws, ensuring regulatory compliance. Furthermore, these securities have not been registered under U.S. securities laws, preventing sales to U.S. persons unless fully compliant with applicable regulations.
About QYOU Media
QYOU Media stands out as a rapidly growing media organization operating in multiple continents. Focusing on creator-driven content, the company specializes in producing and distributing engaging materials generated by social media influencers. Their platform serves to connect brands with influencers, maximizing visibility and engagement in both India and the U.S.
Innovative Market Solutions
Through subsidiaries like Chtrbox, QYOU Media connects brands with the influence of social media, thus enhancing marketing strategies and outreach effectiveness. Their innovative approach has led to engaging content creation with widespread audience reach, with a focus on millennial and Gen Z demographics.
Company Vision and Growth
Industry veterans from renowned organizations like Lionsgate and Disney drive the company's vision, striving to pioneer new media models that resonate with today’s audiences. With a commitment to reaching over a billion consumers worldwide, QYOU Media is poised for further advancements in content delivery and monetization.
Frequently Asked Questions
What is the purpose of QYOU Media's recent funding?
The funding raised aims to repay loans, cover acquisition-related payments, and support working capital.
How many units were issued in the private placement?
A total of 25,000,000 units were issued during the Private Placement Offering.
What are the terms of the issued Warrants?
Each Warrant allows the holder to purchase a Common Share at a price of $0.06 until the specified expiry date.
Who are the insiders participating in the offering?
QYOU Media's directors, officers, and certain insiders participated by subscribing for 3,334,000 Units.
What is QYOU Media's primary business focus?
QYOU Media focuses on producing and distributing content created by social media influencers and digital content creators, connecting brands with audiences.
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