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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.