QYOU Media Provides Update on Non-Brokered Private Placement Offering
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) has modified its previously announced Non-Brokered Private Placement Offering. The new offering will now consist of up to 70 million Units at $0.03 per Unit, aiming to raise aggregate gross proceeds of up to $2.1 million.
Each Unit comprises one Common Share and three-quarters of one common share purchase Warrant. The Warrants allow holders to purchase one Common Share at $0.06 within 24 months from the closing date.
The proceeds will support expenses related to the Chtrbox transaction, primarily covering legal, accounting, consulting fees, and final earnout payments to founding investors. The offering is expected to close around March 18, 2025, subject to necessary approvals including TSX Venture Exchange approval. A four-month plus one day hold period will apply to the securities.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) ha modificato la sua offerta di collocamento privato non intermediazione precedentemente annunciata. La nuova offerta consisterà ora in un massimo di 70 milioni di Unità a 0,03 $ per Unità, con l'obiettivo di raccogliere proventi lordi complessivi fino a 2,1 milioni di $.
Ogni Unità comprende un'azione ordinaria e tre quarti di un warrant per l'acquisto di un'azione ordinaria. I Warrant consentono ai detentori di acquistare un'azione ordinaria a 0,06 $ entro 24 mesi dalla data di chiusura.
I proventi supporteranno le spese relative alla transazione Chtrbox, coprendo principalmente spese legali, contabili, consulenze e pagamenti finali agli investitori fondatori. Si prevede che l'offerta si chiuda intorno al 18 marzo 2025, soggetta alle necessarie approvazioni, inclusa l'approvazione della TSX Venture Exchange. Si applicherà un periodo di blocco di quattro mesi più un giorno ai titoli.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) ha modificado su oferta de colocación privada no intermediada previamente anunciada. La nueva oferta consistirá ahora en hasta 70 millones de Unidades a $0.03 por Unidad, con el objetivo de recaudar ingresos brutos agregados de hasta $2.1 millones.
Cada Unidad comprende una acción ordinaria y tres cuartas partes de un warrant para la compra de una acción ordinaria. Los Warrants permiten a los titulares comprar una acción ordinaria a $0.06 dentro de los 24 meses posteriores a la fecha de cierre.
Los ingresos apoyarán los gastos relacionados con la transacción de Chtrbox, cubriendo principalmente honorarios legales, contables, de consultoría y pagos finales a los inversores fundadores. Se espera que la oferta se cierre alrededor del 18 de marzo de 2025, sujeta a las aprobaciones necesarias, incluida la aprobación de la TSX Venture Exchange. Se aplicará un período de retención de cuatro meses más un día a los valores.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF)는 이전에 발표된 비중개 사모 배정 제안을 수정했습니다. 새로운 제안은 이제 7000만 개 유닛으로 구성되며, 유닛당 0.03 달러로 최대 210만 달러의 총 수익을 목표로 하고 있습니다.
각 유닛은 하나의 보통주와 보통주 구매를 위한 세 개의 4분의 3 권리를 포함합니다. 권리는 보유자가 종료일로부터 24개월 이내에 0.06 달러에 하나의 보통주를 구매할 수 있도록 허용합니다.
수익금은 Chtrbox 거래와 관련된 비용을 지원하며, 주로 법률, 회계, 컨설팅 수수료 및 창립 투자자에게 지급되는 최종 지급금을 포함합니다. 이 제안은 2025년 3월 18일경에 마감될 것으로 예상되며, TSX 벤처 거래소의 승인을 포함한 필요한 승인에 따라 달라집니다. 증권에는 4개월 + 1일의 보유 기간이 적용됩니다.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) a modifié son offre de placement privé sans intermédiaire précédemment annoncée. La nouvelle offre consistera désormais en jusqu'à 70 millions d'unités à 0,03 $ par unité, visant à lever des produits bruts globaux allant jusqu'à 2,1 millions $.
Chaque unité comprend une action ordinaire et trois quarts d'un bon de souscription d'action ordinaire. Les bons permettent aux détenteurs d'acheter une action ordinaire à 0,06 $ dans les 24 mois suivant la date de clôture.
Les produits soutiendront les dépenses liées à la transaction Chtrbox, couvrant principalement les frais juridiques, comptables, de conseil et les paiements finaux aux investisseurs fondateurs. L'offre devrait se clôturer autour du 18 mars 2025, sous réserve des approbations nécessaires, y compris l'approbation de la TSX Venture Exchange. Une période de blocage de quatre mois plus un jour s'appliquera aux titres.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) hat ihr zuvor angekündigtes nicht vermitteltes Privatplatzierungsangebot geändert. Das neue Angebot wird nun aus bis zu 70 Millionen Einheiten zu 0,03 $ pro Einheit bestehen, mit dem Ziel, insgesamt bis zu 2,1 Millionen $ Bruttoerlös zu erzielen.
Jede Einheit besteht aus einer Stammaktie und drei Vierteln eines Kaufwarrants für eine Stammaktie. Die Warrants ermöglichen es den Inhabern, innerhalb von 24 Monaten nach dem Abschlussdatum eine Stammaktie zu 0,06 $ zu erwerben.
Die Erlöse werden Ausgaben im Zusammenhang mit der Chtrbox-Transaktion unterstützen, wobei hauptsächlich Anwalts-, Buchhaltungs-, Beratungsgebühren und endgültige Zahlungen an die Gründungsinvestoren abgedeckt werden. Der Abschluss des Angebots wird voraussichtlich um den 18. März 2025 erfolgen, vorbehaltlich der erforderlichen Genehmigungen, einschließlich der Genehmigung der TSX Venture Exchange. Eine Sperrfrist von vier Monaten plus einem Tag wird auf die Wertpapiere angewendet.
- Secured potential funding of $2.1 million through private placement
- Warrant exercise price of $0.06 represents 100% premium to unit price
- Significant dilution for existing shareholders through issuance of up to 70 million new shares
- Low unit pricing at $0.03 indicates challenging market conditions
- Additional funds needed for previous acquisition's earnout payments suggests cash flow constraints
Los Angeles, California and Toronto, Ontario--(Newsfile Corp. - March 12, 2025) - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF), a company operating in India and the United States producing and distributing content created by social media stars and digital content creators, announced today that further to the Company's news releases dated February 24 and 25, 2025, it has amended its previously announced Non-Brokered Private Placement Offering. The Offering will consist of up to 70 million Units of the Company at a price of
The Company requires the net proceeds of the Offering to support QYOU Media, Inc.'s expenses related to the Chtrbox transaction (as disclosed in the Company's new release dated February 24, 2025) and anticipates they will be used primarily for legal, accounting and consulting fees along with final earnout payments from the original acquisition of Chtrbox by QYOU Media due to founding investors.
The Offering is expected to close on or about March 18, 2025, or such other date as the Company may determine and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The Common Shares partially comprising the Units and the Common Shares underlying the Warrants will be subject to a four-month plus one day hold period commencing on the day of the closing of the Offering, pursuant to applicable Canadian securities laws. The Units issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About QYOU Media
Among the fastest growing creator driven media companies, QYOU Media operates in India and the United States through its subsidiaries, producing, distributing and monetizing content created by social media influencers and digital content stars. Our influencer marketing business in India, Chtrbox, is an influencer and marketing platform and agency, connecting brands/products and social media influencers. In the United States, we power major film studios, game publishers and brands to create content and market via creators and influencers. Founded and managed by industry veterans from Lionsgate, MTV, Disney, Sony and TikTok. QYOU Media's millennial and Gen Z-focused content has reached more than one billion consumers. Experience our work at www.theqyou.com.
Source: QYOU Media Inc.
Contact: Doug Barker
213-564-0007
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward- looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the receipt of regulatory approvals of the Offering, closing of the Offering and the intended use of proceeds from the Offering.
Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Additional risks and uncertainties regarding the Company are described in its publicly available disclosure documents, filed by the Company on SEDAR+ (www.sedarplus.ca) except as updated herein. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244409
FAQ
What are the terms of QYOUF's March 2025 private placement offering?
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