VS Media Holdings Ltd., a prominent digital media and social commerce company in the global Creator Economy, has successfully closed its recent public offering. The company issued 35,296,063 ordinary shares at a price of $0.229 per share, raising gross proceeds of approximately $8.1 million. After accounting for placement agent fees and other expenses totaling $730,619, the net proceeds amounted to around $7.35 million. Joseph Gunnar & Co., LLC served as the sole placement agent for the offering. The securities were offered under a registration statement that was declared effective by the SEC.
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