VS MEDIA Announces Closing of an Additional $1.1 Million

From GlobeNewswire: 2025-06-06 13:45:00

VS MEDIA Holdings Limited (Nasdaq: VSME) completed a public offering, issuing 4,774,235 ordinary shares at $0.229 per share, generating $1,093,300. This adds to the previous offering on May 30, bringing total issued shares to 40,070,298 at the same price. Gross proceeds from both closings totaled $9,176,100, with net proceeds of $8,401,749 after fees. The offering was facilitated by Joseph Gunnar & Co., LLC. The securities were offered under a registration statement declared effective by the SEC on May 6. VS Media manages a network of digital creators in Asia Pacific, partnering with over 1,500 creators and 1,000 brands for content-driven social commerce.



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