- QYOU Media (QYOU) has announced a public offering to raise gross proceeds of up to $3,200,000
- The company will issue up to 25,600,000 units at $0.125 per unit
- QYOU intends to use the net proceeds to build out its Indian operations
- As a leading influencer marketing firm in the U.S., QYOU creates and manages campaigns for famous movie studios, brands, and game publishers
- QYOU Media Inc. (QYOU) is down 6.67 per cent on the day, trading at C$0.14 per share at 10 am ET
QYOU Media (QYOU) has announced a public offering to raise gross proceeds of up to $3,200,000.
The company will issue up to 25,600,000 units at $0.125 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for 24 months following the completion of the offering.
If the agents’ over-allotment option is exercised in full, the total gross proceeds of the offering will be C$3,680,000.
QYOU intends to use the net proceeds to build out its Indian operations and for working capital and general corporate purposes.
The offering is expected to close on or about November 17th, 2022.
QYOU Media produces and distributes content from social media stars and digital content creators in India and the United States. As a leading influencer marketing firm in the U.S., QYOU creates and manages campaigns for famous movie studios, brands, and game publishers.
QYOU Media Inc. (QYOU) is down 6.67 per cent on the day, trading at C$0.14 per share at 10 am ET.
