VS Media completes additional share offering, raises $1.09 million

HONG KONG - VS MEDIA Holdings Limited (NASDAQ:VSME), a prominent player in the digital media and social commerce sector with a market capitalization of $8.73 million, has completed an additional closing of its public offering, issuing 4,774,235 ordinary shares at $0.229 each. This subsequent closing, announced today, has raised additional gross proceeds of approximately $1.09 million. This follows the company’s recent public offering on May 30, 2025, which together with the latest issuance, brings the gross proceeds to $9.18 million.

The net proceeds from the combined closings, after accounting for placement agent fees and other expenses totaling $774,351, stand at $8.40 million. Joseph Gunnar & Co., LLC served as the sole placement agent for this additional closing.

The offering of these securities was made pursuant to a registration statement on Form F-1, which the Securities and Exchange Commission (SEC) declared effective on May 6, 2025. A final prospectus detailing the offering has been filed with the SEC.

VS Media, established in 2013, operates a network of digital creators throughout the Asia Pacific region. The company’s platform focuses on content-driven social commerce and provides marketing services to over 1,000 brands, generating annual revenue of $8.25 million with a gross profit margin of 20.53%. With over 1,500 creators in its network, VS Media is expanding its international presence beyond its current markets, including Hong Kong, China, Taiwan, and Singapore. InvestingPro analysis reveals 11 additional key insights about the company’s performance and potential, available to subscribers.

Investors should note that this press release contains forward-looking statements, which reflect the company’s current expectations and projections about future events. These statements are subject to risks and uncertainties and are based on assumptions about the company’s future business strategies and the operating environment. The company has no obligation to update these forward-looking statements in the light of new information or future events.

This press release is based on a press release statement and should not be considered an offer to sell or a solicitation of an offer to buy any securities. The sale of these securities will not occur in any jurisdiction where it would be unlawful before registration or qualification under the securities laws of that jurisdiction.

In other recent news, VS Media has completed the integration of several strategic acquisitions, including ST Meng PTE LTD, MLink Limited, and the CRUUSH platform, into its operations. These acquisitions are aimed at enhancing the company’s business-to-business capabilities and expanding its private label offerings. The 21% acquisition of ST Meng PTE LTD has incorporated its global trade network into VS Media’s supply chain, improving procurement efficiency and expanding the product range. MLink Limited’s integration has resulted in new high-value contracts in the luxury, hospitality, and entertainment sectors, broadening the company’s advertising and social commerce services. The CRUUSH platform, acquired in December 2024, is a successful addition to VS Media’s influencer-led e-commerce strategy, with strong influencer adoption leading to higher sales conversion rates. CEO Ivy Wong highlighted the synergy created by these acquisitions, focusing on optimizing the supply chain, expanding high-margin marketing services, and leveraging AI-driven influencer commerce. VS Media is also exploring further acquisitions in North America and Southeast Asia to enhance its cross-border e-commerce capabilities. These developments are part of the company’s vision to establish a more scalable and diversified business model.

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