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HONG KONG - QMMM Holdings Limited (NASDAQ:QMMM), a digital media advertising and virtual technology service provider with a current market capitalization of $16.5 million, announced today the pricing of its public offering of 40 million ordinary shares at $0.20 per share. According to InvestingPro data, the company’s stock has shown significant volatility, trading between $0.54 and $13.00 over the past 52 weeks.
The offering is expected to generate $8 million in gross proceeds before deducting placement agent fees and other expenses. The transaction is scheduled to close on June 23, 2025, subject to customary closing conditions. The company currently maintains a strong liquidity position with a current ratio of 6.69, and InvestingPro analysis shows it holds more cash than debt on its balance sheet.
Pacific Century Securities LLC and Revere Securities LLC are serving as co-placement agents for the offering.
The securities are being offered through a registration statement on Form F-1 (File No. 333-287066) that was declared effective by the Securities and Exchange Commission today. A final prospectus related to the offering will be filed with the SEC.
QMMM Holdings, operating in Hong Kong for over 18 years through its subsidiaries ManyMany Creations Limited and Quantum Matrix Limited, provides digital advertising and marketing production services. The company has worked with various clients including banks, real estate developers, and international brands. Financial metrics reveal challenges, with revenue of $2.7 million in the last twelve months and a gross profit margin of 15.4%. Get access to 10+ additional key financial insights and ProTips with InvestingPro.
The announcement comes as part of a best efforts public offering, according to the company’s press release statement.
This article does not constitute an offer to sell or a solicitation to buy securities, which would only be made through a prospectus as part of the registered offering.
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