Core Viewpoint - VS Media Holdings Limited has successfully closed a public offering of 4,774,235 ordinary shares at a price of $0.229 per share, generating additional gross proceeds of $1,093,300, which supplements a previous offering announced on May 30, 2025 [1] Group 1: Offering Details - The total gross proceeds from the two closings of the offering amounted to $9,176,100, with net proceeds of $8,401,749 after deducting placement agent fees and other expenses of $774,351 [2] - The total number of issued ordinary shares has increased to 40,070,298, all priced at $0.229 per share [1] Group 2: Regulatory Information - The securities were offered under a registration statement on Form F-1, which was declared effective by the SEC on May 6, 2025, and the offering was made only by means of a prospectus [3] Group 3: Company Overview - VS Media Holdings Limited, founded in 2013, operates a network of over 1,500 digital creators and partners with more than 1,000 brands across Asia Pacific, focusing on content-driven social commerce and effective marketing services [5]

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].

Core Insights - VS MEDIA Holdings Limited reported a revenue of $8.25 million for 2024, reflecting a 3.2% increase from $7.99 million in 2023, driven by growth in Campaign-Based Marketing Services and the launch of its Social Commerce segment [2][3] - The company views 2024 as a strategic inflection point, laying the groundwork for long-term expansion and scalable growth [2][3] - The CEO emphasized that the company is entering 2025 with momentum and expects it to be a breakout year due to a tech-enabled business model [3][4] Financial Performance - Revenue for 2024 was $8.25 million, up from $7.99 million in 2023, indicating a modest growth trajectory [2] - The company has focused on enhancing its technology stack and expanding partnerships to support future growth [3] Strategic Initiatives - Key achievements in 2024 included growing the creator ecosystem to over 1,500 digital creators, reaching approximately 100 million fans globally [7] - The company expanded commerce channels through partnerships with platforms like Amazon Live, TikTok, Lazada, Shopee, and YouTube [7] - VS MEDIA launched the VS Lounge commercial event to drive revenue and brand visibility [7] - The company is entering the AI-powered influencer marketing space to improve content monetization efficiency [7] Future Outlook - VS MEDIA anticipates 2025 to be transformative, leveraging upgraded infrastructure and operational capabilities to scale revenue streams and improve margins [4] - The company believes it has built a solid foundation for growth and is ready to scale its operations [4]