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VS MEDIA Announces Closing of Approximately $8.1 Million Public Offering of Ordinary Shares

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VS MEDIA Holdings Limited (VSME) has completed a public offering of 35,296,063 ordinary shares priced at $0.229 per share, raising gross proceeds of $8.1 million. After deducting placement agent fees and offering expenses of $730,619, the net proceeds amounted to $7.35 million. The offering was conducted through Joseph Gunnar & Co., LLC as the sole placement agent, following an effective registration statement on Form F-1 declared by the SEC on May 6, 2025.
VS MEDIA Holdings Limited (VSME) ha completato un'offerta pubblica di 35.296.063 azioni ordinarie, ciascuna al prezzo di 0,229 dollari, raccogliendo un ricavato lordo di 8,1 milioni di dollari. Dopo aver detratto le commissioni dell'agente di collocamento e le spese dell'offerta pari a 730.619 dollari, il ricavato netto è stato di 7,35 milioni di dollari. L'offerta è stata gestita da Joseph Gunnar & Co., LLC come unico agente di collocamento, a seguito di una dichiarazione di registrazione efficace sul modulo F-1 approvata dalla SEC il 6 maggio 2025.
VS MEDIA Holdings Limited (VSME) ha completado una oferta pública de 35,296,063 acciones ordinarias a un precio de 0.229 dólares por acción, recaudando ingresos brutos de 8.1 millones de dólares. Después de deducir las comisiones del agente colocador y los gastos de la oferta por 730,619 dólares, los ingresos netos ascendieron a 7.35 millones de dólares. La oferta fue realizada a través de Joseph Gunnar & Co., LLC como único agente colocador, tras una declaración de registro efectiva en el Formulario F-1 declarada por la SEC el 6 de mayo de 2025.
VS MEDIA Holdings Limited(VSME)는 주당 0.229달러에 35,296,063주의 보통주를 공개 발행하여 총 810만 달러의 총 수익을 올렸습니다. 중개인 수수료 및 발행 비용 730,619달러를 공제한 후 순수익은 735만 달러였습니다. 이번 발행은 2025년 5월 6일 SEC가 승인한 F-1 양식의 효력 있는 등록 신고서를 바탕으로 Joseph Gunnar & Co., LLC가 단독 배정 중개인으로 진행했습니다.
VS MEDIA Holdings Limited (VSME) a réalisé une offre publique de 35 296 063 actions ordinaires au prix de 0,229 $ par action, levant ainsi un produit brut de 8,1 millions de dollars. Après déduction des frais d'agent de placement et des frais d'offre s'élevant à 730 619 $, le produit net s'est élevé à 7,35 millions de dollars. L'offre a été réalisée par Joseph Gunnar & Co., LLC en tant qu'agent de placement unique, suite à une déclaration d'enregistrement effective sur le formulaire F-1 déclarée par la SEC le 6 mai 2025.
VS MEDIA Holdings Limited (VSME) hat ein öffentliches Angebot von 35.296.063 Stammaktien zu einem Preis von 0,229 USD pro Aktie abgeschlossen und dabei Bruttoerlöse von 8,1 Millionen USD erzielt. Nach Abzug der Vermittlungsgebühren und Angebotskosten in Höhe von 730.619 USD beliefen sich die Nettoerlöse auf 7,35 Millionen USD. Das Angebot wurde durch Joseph Gunnar & Co., LLC als alleiniger Platzierungsagent durchgeführt, nach einer wirksamen Registrierungserklärung auf Formular F-1, die von der SEC am 6. Mai 2025 genehmigt wurde.
Positive
  • Raised $8.1 million in gross proceeds through public offering
  • Successfully completed offering with institutional placement agent
Negative
  • Significant share dilution with issuance of over 35 million new shares
  • Offering expenses of $730,619 reduced net proceeds to $7.35 million
  • Low share price of $0.229 indicates potential market concerns

HONG KONG, May 30, 2025 (GLOBE NEWSWIRE) -- VS MEDIA Holdings Limited (Nasdaq: VSME), a leading digital media and social commerce company in the global Creator Economy, today announced the closing of its public offering of 35,296,063 ordinary shares at a public offering price of $0.229 per ordinary share.

Gross proceeds were $8,082,800. Net proceeds, after deducting placement agent fees and other offering expenses of $730,619, were $7,352,181.

Joseph Gunnar & Co., LLC acted as the sole placement agent in connection with this offering.

The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-286658) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on May 6, 2025. The offering was being made only by means of a prospectus, which is a part of the Registration Statement. A final prospectus relating to the offering has been filed with the SEC. Copies may be obtained from Joseph Gunnar & Co., LLC, Attn: Syndicate Department, 40 Wall Street, Suite 3004, New York, NY 10005, by calling (212) 440-9600.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About VS Media:

VS Media Holdings Limited (NASDAQ:VSME) manages a network of leading digital creators across Asia Pacific that powers content-driven social commerce and offers local and effective marketing services to brands. Founded in 2013, VSME partners with over 1,500 creators and over 1,000 brands to promote and merchandise their products and services. The Company is currently growing internationally across Hong Kong, China, Taiwan, Singapore, and beyond. For more information, visit https://www.vs-media.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

Contact Information:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: vsme@crescendo-ir.com


FAQ

How much did VS MEDIA (VSME) raise in their May 2025 public offering?

VS MEDIA raised $8.1 million in gross proceeds and $7.35 million in net proceeds after expenses of $730,619

What was the share price for VS MEDIA's 2025 public offering?

The public offering price was $0.229 per ordinary share

How many shares did VS MEDIA (VSME) issue in their 2025 public offering?

VS MEDIA issued 35,296,063 ordinary shares in the public offering

Who was the placement agent for VS MEDIA's 2025 public offering?

Joseph Gunnar & Co., LLC acted as the sole placement agent for the offering

What will VS MEDIA (VSME) use the proceeds for?

The press release does not specify the intended use of proceeds from the public offering
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