Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / GSMG - Glory Star stock rallies on $60M strategic investment with two institutional investors at $2.48/share

GSMG - Glory Star stock rallies on $60M strategic investment with two institutional investors at $2.48/share

Glory Star New Media Group Holdings Limited

2023-04-18 09:07:39 ET

  • Glory Star New Media Group Holdings ( NASDAQ: GSMG ) stock rallies 133% as its enters into a Share Subscription Agreement with two institutional investors, for the issuance of 2419M ordinary shares in aggregate, at a purchase price of $2.48/share with, the gross proceeds will be $60M.
  • The purchase price was determined based off of the privatization price of $1.55/share approved by the Company's shareholders on November 11, 2022, with a 60% premium as agreed to by the Company and the Investors.
  • The closing of the private placement is anticipated to occur on or about May 9, 2023.
  • GSMG +133.33% premarket to $1.12.

For further details see:

Glory Star stock rallies on $60M strategic investment with two institutional investors at $2.48/share
Stock Information
Company Name: Glory Star New Media Group Holdings Limited
Stock Symbol: GSMG
Market: NASDAQ
Menu
GSMG GSMG Quote GSMG Short GSMG News GSMG Articles GSMG Message Board
Get GSMG Alerts

News, Short Squeeze, Breakout and More Instantly...