HONG KONG, Sept. 27, 2023 (GLOBE NEWSWIRE) — In a press release previously issued by VS Media Holdings Limited (NASDAQ: VSME) (“VS Media” or the “Company”) under the same title, important information There are inaccuracies in the content. date. Please note that the Company’s shares are expected to begin trading on the Nasdaq Capital Market on September 28, 2023, rather than September 27, 2023. In addition, the offering is expected to close on October 2, 2023 instead of September 29, 2023. as follows:
VS Media Holdings Limited today announced the pricing of its initial public offering of 2,000,000 shares of its Class A common stock at a price of $5.00 per share, with gross proceeds to the Company of $10,000,000 before underwriting (the “Offering”) discounts, commissions and other offering expenses.
The shares are expected to begin trading on the Nasdaq Capital Market on September 28, 2023 under the ticker symbol “VSME.” The offering is expected to close on October 2, 2023, subject to the satisfaction of customary closing conditions.
Univest Securities, LLC is acting as the underwriter for the offering.
An amended registration statement on Form F-1 (File No. 333-273914) relating to these securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and declared effective on September 26, 2023. Only by means of a prospectus. A copy of the final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus relating to the offering may be obtained from Univest Securities, LLC by emailing info@univest.us; or by calling +1 212-343-8888; or by standard mail to Univest Securities, LLC LLC, Attention: EdricGuo, 75 Rockefeller Plaza, Suite 18C, New York, NY 10019.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would exist prior to registration in any such state or jurisdiction would be unlawful or otherwise qualified under the securities laws of any such state or jurisdiction.
About VS Media Holdings Limited
VS Media Holdings Limited is a Hong Kong-based company that manages a global network of digital creators (“Creators”) who create and publish content to social media such as YouTube, Facebook, Instagram and TikTok platform. Their creators include influencers, key opinion leaders, bloggers and other content creators who cultivate fan bases on social media platforms. The Company empowers and empowers creators by (i) providing them with production facilities, training and funding to produce quality content; (ii) helping them expand their social media reach and reach by assisting with marketing, public relations and audience analysis fan base; and (iii) most importantly, enabling them to monetize their influence by effectively partnering with brands, platforms and fans. It also bridges the gap between brands and creators by helping brands effectively reach their target audiences by: (i) advising on content strategy and budgets and recommending specific creators; (ii) engaging with selected creatives (iii) Work with creators to create engaging and relevant content that promotes the brand’s key messages; (iv) Publish brand content on creators’ social media channels; (v) Through precise media planning and social media platform purchases to expand the influence of creators and brand content; (vi) provide optimization and retention services through data analysis and reporting.
For more information about the company, please log on to https://www.vs-media.com/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements about the Company’s ability to develop its business and other statements that are not historical facts, including statements that may be accompanied by words such as “intends,” “may,” “will,” “plans,” “expects” and other words. “Expectations,” “projects,” “forecasts,” “estimates,” “targets,” “believes,” “hopes,” “potential” or similar words. Actual results may differ materially from those described in these forward-looking statements due to certain factors, including, but not limited to, the company’s ability to operate profitably, customer acceptance of new products, the impact of the spread of coronavirus (COVID-19) as well as future measures taken by authorities in countries with which the Company has supply chain partners, demand for the Company’s products and the economic conditions of the Company’s customers, the impact of competitive products and pricing, successful management and general economic conditions and other detailed risk factors in the Company’s filings with U.S. Securities in a filing with the Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not assume any obligation to update the forward-looking statements contained in this press release, except as required by applicable law.
contact information:
For media inquiries please contact:
VS Media Holdings Limited
ir@vs-media.com
underwriter
Univest Securities LLC
info@univest.us
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