GROM - Grom Social Enterprises prices $3M private placement

• Grom Social Enterprises ( NASDAQ: GROM ) has entered into a securities purchase agreement with a single institutional investor to raise gross proceeds of ~$3M through the private placement of 1.33M shares and warrants to purchase 2.32M shares.
• Each share is being sold together with accompanying warrants at a combined effective purchase price of $2.26.
• The closing of the private placement is expected to occur on January 27, 2023.
• The company intends to use the net proceeds for general working capital and administrative purposes.

For further details see: