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HONG KONG - VS MEDIA Holdings Limited (NASDAQ:VSME), a digital media company with a current market capitalization of $50.55 million, has regained compliance with Nasdaq’s listing requirements, the company announced Thursday. According to InvestingPro data, the stock has shown high price volatility, currently trading at $1.07 after experiencing a 51% decline over the past year.
The digital media and social commerce firm received formal notification from Nasdaq on July 2 that it now meets the exchange’s minimum stockholders’ equity requirement of $2.5 million under Listing Rule 5550(b).
The compliance was achieved following two recent public offerings that generated total gross proceeds of $9,176,100. These offerings were previously announced on May 30 and June 6, 2025.
"Through our recent public offerings, we have significantly strengthened our balance sheet, enabling us to regain compliance with Nasdaq’s stockholders’ equity standard," said Ivy Wong, Founder and CEO of VS MEDIA.
VS MEDIA, which was founded in 2013, operates a network of digital creators across Asia Pacific that powers content-driven social commerce and provides marketing services to brands. The company partners with over 1,500 creators and more than 1,000 brands to promote and merchandise products and services.
The company’s previous deficiency regarding Nasdaq listing requirements is now considered closed, according to the press release statement.
Nasdaq Listing Rule 5550(b) requires listed companies to meet at least one of three standards: stockholders’ equity of at least $2.5 million, market value of listed securities of at least $35 million, or net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years.
In other recent news, VS Media Holdings Limited has completed an additional closing of its public offering, issuing 4,774,235 ordinary shares at $0.229 each, raising approximately $1.09 million. This follows a previous public offering on May 30, 2025, bringing total gross proceeds to $9.18 million. After accounting for placement agent fees and other expenses, the net proceeds from these offerings stand at $8.40 million. Joseph Gunnar & Co., LLC acted as the sole placement agent for this additional closing. These securities were offered under a registration statement on Form F-1, declared effective by the SEC on May 6, 2025. The company has filed a final prospectus with the SEC detailing this offering. VS Media continues to expand its network of digital creators and its international presence beyond its current markets. Investors are reminded that the press release includes forward-looking statements subject to risks and uncertainties.
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