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VS Media Holdings Limited (NASDAQ: VSME) is a leading digital media and social commerce network based in Hong Kong. The company manages a global network of digital creators, including influencers, KOLs (Key Opinion Leaders), bloggers, and other content creators. These creators produce and publish content on platforms like YouTube, Facebook, Instagram, and TikTok, cultivating large fanbases. VS Media empowers its creators by offering production facilities, training, and funding to create high-quality content.
The company acts as a bridge between creators and brands, facilitating effective brand-customer engagement. For creators, VS Media provides marketing, public relations, and audience analytics support, enabling them to expand their social media influence and monetize their content. For brands, VS Media offers strategic advice on content, budget, and creator partnerships, producing engaging content and optimizing reach through precise media planning.
Recently, the company expanded into Macau, leveraging its expertise in digital marketing and influencer engagement. This strategic move aims to support Macau businesses in promoting their offerings globally. A partnership with MLink Limited, a Macau-based hospitality service provider, enhances VS Media’s ability to serve local Macau clients effectively. The expansion includes campaigns to elevate Macau's online presence and drive tourism promotion efforts.
In 2023, VS Media showcased its digital marketing capabilities by hosting international creators Jeremy Jauncey and Pia Wurtzbach in Macau, promoting local attractions to a global audience. Additionally, VS Media has ventured into the offline event space with the launch of VS Lounge in Hong Kong, in partnership with The Pinkfong Company and King Parrot Group, offering family-oriented events and high-quality entertainment content.
VS Media's network includes over 1,500 creators and more than 1,000 brands, with a strong presence in Hong Kong, Taiwan, Singapore, and beyond. Despite facing challenges in 2023, the company remains optimistic about future growth, driven by cross-regional brand partnerships, AI-enabled digital content, and a recovering social commerce sector. The company is actively monitoring its stock performance and considering measures to regain compliance with Nasdaq listing requirements.
VS Media continues to innovate in digital marketing, fostering talent, and creating impactful campaigns. For more information, visit VS Media Holdings.
VS Media Holdings (NASDAQ: VSME), a prominent entity in managing a global network of digital creators, announced that it has regained compliance with Nasdaq's minimum bid price requirement.
On July 5, 2024, Nasdaq formally notified the company that it met the necessary criteria by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days, from June 18, 2024, to July 2, 2024.
As a result, Nasdaq has closed the previous bid deficiency issue, confirming the company's compliance with Listing Rule 5550(a)(2).
VS Media Holdings (NASDAQ: VSME) announced a delay in the effective date for its reverse stock split to June 18, 2024, due to unforeseen regulatory clearance issues. Originally scheduled for June 17, 2024, the reverse split will now begin trading on a split-adjusted basis on June 18, 2024, when the market opens.
VS Media Holdings (NASDAQ: VSME) announced a 1-for-7 share combination for its Class A and Class B ordinary shares, effective June 17, 2024. The move aims to help the company comply with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing on the Nasdaq Capital Market. The new CUSIP number for the shares will be G9517U202. The combination will not issue fractional shares; any fractional shares will be rounded up. This reorganization affects all shareholders uniformly without altering their percentage interest in the company's shares.
VS Media Holdings (NASDAQ: VSME) has released an update showcasing significant growth and strategic initiatives. The company reported a 12.7% increase in campaign-based marketing and nearly $8M in revenue for 2023, with expectations of 20% growth in 2024. Notable developments include a strategic investment in MeeshQ, a creative venture studio in Los Angeles, and partnerships with The Pinkfong Company and King Parrot Group to launch a VS Lounge in Hong Kong. Additionally, VSME expanded into Macau, securing deals with Macau Tourism Board, Galaxy Entertainment Group, and Wynn Resorts Macau. The company also announced a 10b-18 share repurchase program, authorizing the purchase of up to 500,000 Class A Ordinary Shares over the next year.
VS Media Holdings (NASDAQ: VSME) announced its fiscal year 2023 financial results, reporting a full-year revenue of $7.99 million. Campaign-based marketing services revenue grew by 12.7% year-over-year to $4.40 million, with Hong Kong SAR revenue growing by 105.7% to $2.16 million. The company expects a 20% revenue increase in FY24, driven by cross-regional brand partnerships, AI-enabled digital content, and a recovery in social commerce. VS Media also introduced a share repurchase program authorizing the purchase of up to 500,000 Class A Ordinary Shares.
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