GROM SOCIAL ENTERPRS INC - GROM STOCK NEWS

Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) announced a securities purchase agreement to raise approximately $3.0 million through a private placement of 1,327,434 shares of common stock and 2,323,010 warrants. The effective purchase price is set at $2.26 per share. The closing is anticipated on January 27, 2023, subject to customary conditions. The funds will support general working capital and administrative needs. The securities will only be offered to accredited investors and will not be registered under the Securities Act, necessitating subsequent registration with the SEC for resale.

Grom Social Enterprises, Inc. (NASDAQ: GROM) announces a partnership with Curiosity Ink Media and Toon2Tango to co-produce Hey Fuzzy Yellow!, a new preschool series focused on edutainment. The series aims to engage preschoolers with original music, comedy, and critical thinking skills through play and exploration. Production is set to begin this year, with financing commitments from international broadcasters and planned pre-sales at the 2023 Kidscreen Summit in February. This collaboration enhances Grom's content catalog, building on its commitment to family-friendly programming and expanding global distribution opportunities.

Grom Social Enterprises, Inc. (NASDAQ: GROM) recently shared a letter to shareholders from CEO Darren Marks, reflecting on a foundational year in 2022. The company aims to enhance child safety online, leveraging its status as a compliant social media platform. Significant accomplishments include the launch of Santa.com, attracting over 11,000 daily visitors, and partnerships to expand animated content. Looking ahead, Grom plans to improve the Grom app, broaden its ecommerce strategy, and develop original franchise content, while enhancing investor relations and market engagement.

Grom Social Enterprises (NASDAQ: GROM) has successfully closed its public offering, raising approximately $5.0 million. The offering consisted of 1,415,682 units priced at $2.89 each and 314,422 pre-funded units at $2.889 each. Each unit includes a share of common stock and two warrants to purchase additional shares. The net proceeds will primarily go towards general corporate purposes, including marketing, acquisitions, and research. The underwriters were granted a 45-day option for additional purchases, enhancing overall financial flexibility.

Grom Social Enterprises (NASDAQ: GROM) has announced a public offering of 1,415,682 units at $2.89 each and 314,422 pre-funded units at $2.889 each. Each unit includes one share of common stock and two warrants with a five-year exercise period. The expected gross proceeds are around $5.0 million, aimed at funding general corporate purposes like marketing, acquisitions, and R&D. The offering is underwritten by EF Hutton and is anticipated to close around December 13, 2022.

Grom Social Enterprises (NASDAQ: GROM) announced that CEO Darren Marks was featured in a podcast on The Wall Street Resource. During the interview, Marks outlined Grom's growth strategy, focusing on safe social media for kids and educational web filtering solutions. He emphasized the company's plans to leverage original content from Curiosity Ink Media, acquired in 2021. Grom aims to expand its reach in the children's entertainment sector by providing secure digital environments and engaging content.

Grom Social Enterprises is excited to announce the launch of its new Yuletide Advent Calendar titled How the Gherkins Stole Christmas. This animated series, part of the popular Cats vs. Pickles franchise, will reveal a new chapter each day from December 1 to Christmas Day. The storyline follows a festive adventure featuring beloved characters, narrated by acclaimed author Darren Farrell. Additionally, fans can purchase the Snowball bean character for a companion experience. The initiative enhances Grom's family-friendly offerings and e-commerce presence on Santa.com.

Grom Social Enterprises, Inc. (NASDAQ: GROM) has partnered with MZ Group to enhance its investor relations and financial communications strategy. This strategic collaboration aims to increase Grom's visibility in the investment community, emphasizing its unique offerings, including a COPPA-compliant social media platform for children and a portfolio of family-friendly entertainment content. MZ Group will assist in executing a capital markets strategy, coordinating roadshows, and building brand awareness among investors. The partnership highlights Grom’s potential for growth through revenue synergies across its subsidiaries.