VS MEDIA Holdings Closes Additional Sale Of 4.77M Shares At $0.229 Each, Bringing Total Offering Proceeds To $9.18M And Expanding Share Count To Over 40M; Net Proceeds Of The Offering From Two Closings Were $8,401,749

Benzinga·06/06/2025 17:46:56

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VS MEDIA Holdings Limited (NASDAQ:VSME), a leading digital media and social commerce company in the global Creator Economy, today announced the subsequent closing of its public offering of 4,774,235 ordinary shares at a public offering price of $0.229 per ordinary share. This additional closing generated additional gross proceeds of $1,093,300, supplementing the recent public offering announced on May 30, 2025. As a result, the total number of issued ordinary shares has increased to 40,070,298, all at a public offering price of $0.229 per ordinary share.

Gross proceeds of the offering from two closings were $9,176,100. Net proceeds of the offering from two closings, after deducting placement agent fees and other offering expenses of $774,351, were $8,401,749.

Joseph Gunnar & Co., LLC acted as the sole placement agent in connection with this additional closing.

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