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GSMG - Glory Star New Media prices $12.5M stock offering
Glory Star New Media Group Holdings Limited
Glory Star New Media ([[GSMG]] -12.2%) priced its underwritten public offering of 3.8M shares at $3.28/share and associated warrant to purchase one ordinary share.Each warrant will have an exercise price of $4.10 and will expire five years from issuance date.Underwriters granted 45-day option to purchase up to 571,646 additional ordinary shares and associated warrants.Gross proceeds expected at $12.5M; net proceeds to be used for general corporate purposes.Offer expected to close on or about Feb.24.