VS MEDIA Announces Closing of Approximately $8.1 Million Public Offering of Ordinary Shares

Core Viewpoint - VS Media Holdings Limited has successfully closed a public offering of 35,296,063 ordinary shares at a price of $0.229 per share, raising gross proceeds of $8,082,800, with net proceeds amounting to $7,352,181 after expenses [1][2]. Company Overview - VS Media Holdings Limited (NASDAQ: VSME) is a prominent digital media and social commerce company within the global Creator Economy, managing a network of over 1,500 digital creators and collaborating with more than 1,000 brands [5]. - The company was founded in 2013 and is expanding its operations internationally across regions including Hong Kong, China, Taiwan, and Singapore [5]. Offering Details - The public offering was conducted under a registration statement on Form F-1, which was declared effective by the SEC on May 6, 2025 [3]. - Joseph Gunnar & Co., LLC served as the sole placement agent for this offering [2].