VS MEDIA Completes $8.1 Million Public Offering Successfully

VS MEDIA Completes Successful Public Offering
VS MEDIA Holdings Limited (NASDAQ: VSME), recognized as a leading player in the digital media and social commerce arena, has successfully finalized its public offering, raising approximately $8.1 million. The company issued 35,296,063 ordinary shares priced at $0.229 each, contributing to a gross sum of $8,082,800.
Understanding the Financial Highlights
After accounting for placement agent fees and other necessary expenses totaling $730,619, the net proceeds from this offering amount to about $7,352,181. This strategic move enhances VS MEDIA's financial capabilities, allowing further investment into its innovative initiatives.
Role of Joseph Gunnar & Co.
Joseph Gunnar & Co., LLC served as the dedicated placement agent facilitating this offering. Their expertise and commitment to the project were instrumental in ensuring the smooth completion of the offering process.
Offering Details and Compliance
The securities involved in the public offering were offered in compliance with a registration statement on Form F-1 that has already received the green light from the Securities and Exchange Commission (SEC). This critical approval, granted on May 6, 2025, confirms the company's adherence to regulatory requirements and strengthens investor confidence.
Importance of the Registration Statement
The registration statement outlines the public offering's specifics and serves as a part of the formal prospectus. Investors can find all pertinent details outlined in the final prospectus filed with the SEC, ensuring transparency in the company's operations.
Overview of VS MEDIA Holdings Limited
Founded in 2013, VS MEDIA Holdings Limited (NASDAQ: VSME) has carved out a significant niche in the rapidly evolving Creator Economy. With a network of over 1,500 digital creators across the Asia Pacific, the company specializes in content-driven social commerce and offers targeted marketing solutions to more than 1,000 brands. This established network places VS MEDIA in a unique position to leverage emerging trends and foster mutually beneficial relationships between creators and brands.
Expanding Internationally
As VS MEDIA continues to grow, its activities in markets such as Hong Kong, China, Taiwan, and Singapore show its commitment to expanding its international presence. Through innovative marketing strategies and partnerships, the company aims to amplify its impact within the global landscape of digital commerce.
Contact and Further Information
Any further inquiries regarding this public offering or information about VS MEDIA can be directed to Crescendo Communications, LLC. They can be reached via telephone at +1 212-671-1020 or via email at vsme@crescendo-ir.com. Such communication channels provide a direct avenue for stakeholders to engage with the company for more details.
Frequently Asked Questions
What was the total amount raised in the public offering?
VS MEDIA raised approximately $8.1 million through its public offering of ordinary shares.
Who acted as the placement agent for the offering?
Joseph Gunnar & Co., LLC acted as the sole placement agent for VS MEDIA's public offering.
What does the registration statement entail?
The registration statement details the offering and provides necessary disclosures as mandated by the Securities and Exchange Commission.
What does VS MEDIA specialize in?
VS MEDIA specializes in digital media and social commerce, managing a broad network of creators and offering marketing services.
How can stakeholders reach VS MEDIA for more information?
Stakeholders can contact Crescendo Communications, LLC at +1 212-671-1020 or via email at vsme@crescendo-ir.com for further inquiries.
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