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Grom Social Enterprises Inc - GROMW STOCK NEWS

Welcome to our dedicated page for Grom Social Enterprises news (Ticker: GROMW), a resource for investors and traders seeking the latest updates and insights on Grom Social Enterprises stock.

Grom Social Enterprises Inc. (NASDAQ: GROM) operates at the intersection of child safety and digital innovation, providing a COPPA-compliant social platform and family-friendly entertainment solutions. This page serves as the definitive source for official updates about the company’s strategic initiatives across its animation, education technology, and gaming divisions.

Investors and industry observers will find verified press releases detailing earnings reports, content partnerships (including Curiosity Ink Media collaborations), acquisitions like Arctic7’s gaming ventures, and advancements in parental control technologies. All updates are sourced directly from corporate communications to ensure accuracy.

Key areas covered include developments in Top Draw Animation productions, web filtering solutions for schools, and expansions of the Grom Social app’s augmented reality features. The curated news feed enables efficient tracking of the company’s growth in niche markets while maintaining focus on its core mission: safe digital experiences for children under 13.

Bookmark this page for real-time insights into how GROMW navigates the evolving landscape of children’s media, balancing creative content production with rigorous adherence to data privacy standards.

News

Arctic7 Set To Be Acquired By Media, Technology & Entertainment Company Grom Social Enterprises, Inc

Rhea-AI Summary
Grom Social Enterprises, Inc (NASDAQ: GROM) enters into a Letter of Intent to acquire Arctic7, a provider of game development, co-development, and virtual production services. Arctic7 aims to become a leader in the gaming and film & TV industry. The acquisition aligns with Grom's strategy to expand its entertainment offerings into the gaming sector.
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Grom Social Enterprises Announces May Release of Newly Designed COPPA-Compliant Grom Social App Featuring Enhanced Safety Measures for Parents and New Interface Brimming with Fun Just for Kids!

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Grom Social Enterprises, Inc. announces the launch of a redesigned COPPA-compliant social media app for kids, focusing on safety and education.
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Grom Social Enterprises, Inc. to Further Expand Entertainment Offerings Through Gaming as it Enters Into Letter of Intent to Acquire Leading Gaming Company, Arctic7

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Grom Social Enterprises, Inc. (NASDAQ: GROM) announces the non-binding letter of intent to acquire Arctic7, Inc., an emerging gaming industry service provider, in a 100% equity transaction. The acquisition aims to tap into the $185 billion global gaming market, leveraging Arctic7's expertise in full game development, co-development, and virtual production. Arctic7 has shown impressive growth, reaching $7.9 million in FY23 and projecting $14 million in FY24. The partnership intends to fuel Arctic7's growth and enhance Grom's entertainment ecosystem through content collaboration, cross-promotional opportunities, and more.
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Grom Social Enterprises To Spotlight Curiosity Ink Media’s Catalog of Original IP and Top Draw Animation’s Award-Winning Animation Production Services During Kidscreen 2024

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Grom Social Enterprises, Inc. (NASDAQ: GROM) will showcase its kid and family-centered intellectual property and animation production services at the Kidscreen Summit. The company's key executives will present its growing catalog of IP and animation production services, seeking international distribution for its kid-first IP franchises. The offerings include original animated feature film Santa.com, set for global distribution in Fall 2025.
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Santa.com Wraps Up 2023 Christmas Season With Gains Across Several Key Visitor Metrics

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Grom Social Enterprises, Inc. and its subsidiary, Curiosity Ink Media, reported significant growth in Santa.com's e-commerce and editorial platform during the 2023 holiday season. The platform saw a substantial increase in orders and revenue, as well as a significant growth in social media audience and impressions. The company aims to leverage these results for future growth.
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Olympic Surfer Caroline Marks to Ride Wave of Support From Grom Social as Premiere App for Kids Cheers its Original Ambassador on to the Paris 2024 Games!

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Grom Social Enterprises, Inc. (NASDAQ: GROM) announces partnership with 2023 World Surfing League Women's World Champion, Caroline Marks, as she prepares to represent the US in the 2024 Summer Olympics in French Polynesia. Marks will be featured on Grom Social, sharing her journey to the games and promoting digital safety for kids.
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Grom Social Enterprises, Inc. Announces Closing of $4.0 Million Private Placement

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Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) announced the first closing of a private placement of a convertible promissory note with an initial principal amount of $4,000,000. The company will issue warrants to acquire 1,514,072 shares of Common Stock to the institutional investor. The net proceeds from the private placement will be used for general working capital and administrative purposes. EF Hutton LLC acted as the exclusive placement agent for the offering.
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Curiosity Ink Media’s Santa.com Partners With Leading Holiday Consumer Products Brand, American Greetings

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Curiosity Ink Media's e-commerce platform, Santa.com, has partnered with American Greetings to offer holiday-related products, including the popular digital Jacquie Lawson Edwardian Advent Calendar. The platform aims to provide families globally with a magical yuletide experience through a variety of gift options, home goods, journals, calendars, stationery items, and Santa's favorite candy and baked goods. This partnership is expected to drive significant traffic to Santa.com, enhancing the company's revenue potential. The collaboration with American Greetings adds a unique and high-utility resource to Santa.com's Gift Shop, catering to all age groups and contributing to a festive holiday season. Grom Social Enterprises, Inc. (NASDAQ: GROM) is the parent company of Curiosity Ink Media, showcasing the company's commitment to expanding its e-commerce offerings and delivering value to its customers and shareholders.
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CORRECTION - Grom Social Enterprises, Inc. Signs $8.0 Million Convertible Notes Financing Agreement

Rhea-AI Summary
Grom Social Enterprises, Inc. (GROM) announced a securities purchase agreement with an institutional investor, selling two convertible promissory notes for $4,000,000 each, along with warrants to acquire a total of 3,028,146 shares of Common Stock. The company will use the net proceeds for general working capital and administrative purposes.
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Grom Social Enterprises, Inc. Signs $8.0 Million Convertible Notes Financing Agreement

Rhea-AI Summary
Grom Social Enterprises, Inc. (GROM) announced a securities purchase agreement with a single institutional investor to sell two convertible promissory notes for a total of $8,000,000. The company also agreed to issue warrants to acquire 3,028,146 shares of common stock. The transactions are subject to shareholder approval and the company plans to use the net proceeds for general working capital and administrative purposes.
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Grom Social Enterprises Inc

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