Glory Star New Media Group Holdings Limited Announces Pricing of $12.5 Million Underwritten Public Offering
22 2월 2021 - 10:30PM
Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory
Star” or the “Company”), a leading mobile and online digital media
and entertainment company in China, today announced that it has
priced an underwritten public offering of an aggregate of 3,810,976
ordinary shares of the Company, together with warrants to purchase
up to 3,810,976 ordinary shares of the Company, at a public
offering price of $3.28 per share and associated warrant to
purchase one ordinary share. Each warrant will have an exercise
price of $4.10 and will expire five years from the date of
issuance.
The Company has also granted the underwriters a 45-day option to
purchase up to 571,646 additional ordinary shares and additional
warrants to purchase up to 571,676 ordinary shares, at the public
offering price, less underwriting discounts and commissions.
The gross proceeds to the Company from this offering are expected
to be $12.5 million, before deducting the underwriting discounts
and commissions and other estimated offering expenses payable by
the Company, assuming no exercise of the underwriters’ option to
purchase additional securities and none of the warrants issued in
this offering are exercised. The offering is expected to close on
or about on February 24, 2021, subject to the satisfaction of
customary closing conditions.
Univest Securities, LLC is the acting sole book-running manager
for the offering.
The Company intends to use the net proceeds from the offering
primarily for working capital and other general corporate
purposes.
The shares and warrants are being offered pursuant to an
effective shelf registration statement on Form F-3 (File No.
333-248554), that was previously filed with the Securities and
Exchange Commission (“SEC”) and declared effective on September 14,
2020. The securities may be offered only by means of a prospectus.
A preliminary prospectus supplement relating to and describing the
terms of the offering has been filed with the SEC. A final
prospectus supplement and the accompanying prospectus will be filed
with the SEC and once filed, will be available on the SEC’s website
at www.sec.gov and may also be obtained from Univest Securities,
LLC, 375 Park Avenue, 15th Floor, New York, NY 10152 by phone at
(212) 343-8888 or by e-mail at info@univest.us.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor may there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Glory Star New Media Group Holdings Limited
Glory Star New Media Group Holdings Limited is a leading mobile
entertainment operator in China. Glory Star’s ability to integrate
premium lifestyle content, including short videos, online variety
shows, online dramas, live streaming, its Cheers lifestyle video
series, e-Mall, and mobile app, along with innovative e-commerce
offerings on its platform enables it to pursue its mission of
enriching people’s lives. The Company’s large and active user base
creates valuable engagement opportunities with consumers and
enhances platform stickiness with thousands of domestic and
international brands.
Safe Harbor Statement
Certain statements made in this release are “forward looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions ) are intended
to identify forward-looking statements. These forward-looking
statements, include, but are not limited to that the Company will
be successful in its offering of securities, and are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, are: the ability to
manage growth; ability to identify and integrate other future
acquisitions; ability to obtain additional financing in the future
to fund capital expenditures; fluctuations in general economic and
business conditions; costs or other factors adversely affecting our
profitability; litigation involving patents, intellectual property,
and other matters; potential changes in the legislative and
regulatory environment; a pandemic or epidemic; and other factors
listed in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2019 and in other filings made by the Company
with the Securities and Exchange Commission from time to time. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.
Such information speaks only as of the date of this release.
Contacts
Glory Star New Media Group Holdings LimitedYida YeEmail:
yeyida@yaoshixinghui.com
ICR LLC.Sharon ZhouTel: +1 (646) 308-0546Email:
gsnm@icrinc.com
Cheer (NASDAQ:GSMGW)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Cheer (NASDAQ:GSMGW)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024