Glory Star Announces Subscription Agreement to Purchase Up to $10,000,000 in Ordinary Shares and Warrants at a Fixed Combined Purchase Price of $3.50
Glory Star Announces Subscription Agreement to Purchase Up to $10,000,000 in Ordinary Shares and Warrants at a Fixed Combined Purchase Price of $3.50
BEIJING,Aug. 26, 2021/PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company inChina, today announced that it has entered into a subscription agreement with an institutional investor for the sale of up to 2,857,142 ordinary shares of the Company (the "Ordinary Shares") for total gross proceeds of up to approximately$10,000,000(the "Offering"). Each Ordinary Share will be accompanied by a warrant exercisable to purchase one Ordinary Share at an exercise price of$4.40per share (the "Warrant"). Each Ordinary Share and Warrant are being sold at a fixed combined purchase price of$3.50. Each warrant will be exercisable immediately, and will expire on the first anniversary of the date of issuance.
北京，2021年8月26日/美通社/--榮耀之星新媒體集團控股有限公司(納斯達克股票代碼：GSMG)(“榮耀之星”或“本公司”)，中國領先的數字媒體平台和內容驅動型電子商務公司，今天宣佈與一家機構投資者簽訂認購協議，出售至多2,857,142股本公司普通股(“普通股”)，總收益高達約10,000,000美元(“發售”)。每股普通股將附有可行使購買權的認股權證。一普通股，行使價為每股4.40美元(“認股權證”)。每股普通股和認股權證將以3.50美元的固定綜合收購價出售。每份認股權證均可即時行使，並於發行日期一週年時到期。
The first closing of the Offering representing the sale and purchase of 571,428 Ordinary Shares and warrants to purchase 571,428 Ordinary Shares is expected to close on or aboutAugust 30, 2021, subject to the satisfaction of customary closing conditions.
出售和購買571,428股普通股和購買571,428股普通股的認股權證的首次發售預計將於2021年8月30日或大約2021年8月30日結束，前提是滿足慣常的成交條件。
The Company intends to use the net proceeds from the offering primarily for working capital and other general corporate purposes.
該公司打算將此次發行的淨收益主要用於營運資金和其他一般公司用途。
The Offering is being made pursuant to the Company's existing shelf registration statement on Form F-3 (File No. 333-248554), which was filed with the SEC onSeptember 2, 2020, and declared effective by the SEC onSeptember 14, 2020. In connection with the first tranche of the Offering, onAugust 26, 2021, the Company filed a prospectus supplement for the offer and the sale of$2,000,000of the Ordinary Shares and Warrants. The Company will file a prospectus supplement each time the investor makes an additional tranche purchase, and once filed, will be available on the SEC's website at www.sec.gov and may also be obtained from the Company's website at www.ir.yaoshixinghui.com.
此次發售是根據公司現有的F-3表格(第333-248554號文件)進行的，該表格於2020年9月2日提交給證券交易委員會，並於2020年9月14日由證券交易委員會宣佈生效。關於首批發售，本公司於2021年8月26日提交招股説明書補充文件，以供發售及出售2,000,000美元普通股及認股權證。該公司將在投資者每次額外購買一批股票時提交一份招股説明書附錄，一旦提交，將在證券交易委員會的網站www.sec.gov上獲得，也可以從該公司的網站www.ir.yaoshixinghui.com獲得。
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
本新聞稿不應構成出售要約或徵求購買要約，也不得在任何州或司法管轄區出售這些證券，在這些州或司法管轄區，根據任何州或司法管轄區的證券法，在註冊或獲得資格之前，此類要約、招攬或出售將是非法的。
About Glory Star New Media Group Holdings Limited
關於榮耀之星新媒體集團控股有限公司
Glory Star New Media Group Holdings Limited is a leading digital media platform and content-driven e-commerce company inChina.Glory Star'sability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people's lives. The Company's large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.
榮耀之星新媒體集團控股有限公司是中國領先的數字媒體平台和內容驅動型電子商務公司。榮耀之星能夠整合優質生活方式內容，包括短視頻、在線綜藝節目、在線電視劇、直播、Cheers生活方式視頻系列、電子商城和移動應用程序，以及其平台上的創新電子商務產品，使其能夠追求豐富人們生活的使命。該公司龐大和活躍的用户基礎創造了與消費者接觸的寶貴機會，並增強了與數千個國內和國際品牌的平台粘性。
Safe Harbor Statement
安全港聲明
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 20-F filed with the SEC onMarch 29, 2021, as amended. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
本新聞稿中的某些陳述屬於“1995年美國私人證券訴訟改革法”中“安全港”條款所指的“前瞻性陳述”。本新聞稿中使用的“估計”、“預計”、“預期”、“預期”、“預測”、“計劃”、“打算”、“相信”、“尋求”、“可能”、“將”、“應該”、“未來”、“建議”以及這些詞語或類似表述的變體(或此類詞語或表述的否定版本)旨在識別前瞻性陳述。這些前瞻性陳述不是對未來業績、條件或結果的保證，涉及許多已知和未知的風險、不確定性、假設和其他重要因素，其中許多不在公司的控制範圍之內，這些因素可能導致實際結果或結果與前瞻性陳述中討論的大不相同。除其他因素外，重要因素包括：管理增長的能力；識別和整合其他未來收購的能力；未來獲得額外融資為資本支出提供資金的能力；總體經濟和商業條件的波動；對公司盈利能力產生不利影響的成本或其他因素；涉及專利、知識產權和其他事項的訴訟；立法和監管環境的潛在變化；流行病或流行病。本新聞稿中包含的前瞻性陳述還會受到其他風險和不確定性的影響，包括公司在提交給證券交易委員會的文件中更全面地描述的風險和不確定因素，包括公司於2021年3月29日提交給證券交易委員會的經修訂的20-F表格年度報告。公司不承擔更新或修改任何前瞻性陳述的義務，無論是由於新信息、未來事件或其他原因。, 除非適用法律另有要求。這些信息僅限於本新聞稿發佈之日。
Contacts
聯繫人
Glory Star New Media Group Holdings Limited
榮耀之星新媒體集團控股有限公司
Yida Ye
葉一達
Email: [email protected]
電子郵件：[受電子郵件保護]
ICR, LLC.
ICR，LLC.
Robin Yang
楊彥宏(Robin Yang)
Tel: +1 (646) 308-0546
電話：+1(646)308-0546
Email: [email protected]
電子郵件：[受電子郵件保護]
SOURCE Glory Star New Media Group Holdings Limited
來源：榮耀之星新媒體集團控股有限公司
譯文內容由第三人軟體翻譯。