QYOU Media Completes Second Tranche of Private Placement Offering

An update from QYOU Media ( (TSE:QYOU) ) is now available.

QYOU Media Inc. has completed the second tranche of its Non-Brokered Private Placement Offering, issuing 24,320,001 Units at $0.03 per Unit, raising approximately $729,600. This brings the total offering to 60,986,668 Units with gross proceeds of around $1,829,600. The offering involved participation from directors and insiders, constituting a related party transaction under MI 61-101, but exempt from certain requirements due to the company’s market capitalization. The securities are subject to a hold period and the offering awaits final approval from the TSX Venture Exchange, with no new insiders or change of control resulting from the transaction.

More about QYOU Media

QYOU Media is a rapidly growing media company operating in India and the United States, focusing on producing, distributing, and monetizing content created by social media influencers and digital content stars. In India, its influencer marketing business, Chtrbox, connects brands with social media influencers, while in the U.S., it collaborates with major film studios, game publishers, and brands to create and market content via creators and influencers. The company is led by industry veterans from Lionsgate, MTV, Disney, Sony, and TikTok.

YTD Price Performance: -26.67%

Average Trading Volume: 21,205

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $12.67M

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