Grom Social Enterprises, Inc. Announces 1-for-20 Reverse Stock Split
Grom Social Enterprises, Inc. Announces 1-for-20 Reverse Stock Split
BOCA RATON, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (the "Company"), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that its Board of Directors has approved a 1-for-20 reverse stock split of its common shares (the "Reverse Split") primarily to comply with Nasdaq's minimum bid price requirement. The Reverse Split will be effective on September 7, 2023, and the Company's common stock will trade on a post-split basis under the same symbol, GROM, commencing with the opening of trading on the Nasdaq Capital Market on September 7, 2023.
佛罗里达州博卡拉顿，2023年9月6日（GLOBE NEWSWIRE）——致力于为儿童提供家庭友好型节目、网络过滤技术和安全社交媒体的媒体、科技和娱乐公司Grom Social Enterprises, Inc.（纳斯达克股票代码：GROM）（以下简称 “公司”）今天宣布，其董事会已批准对其普通股进行1比20的反向股票拆分（“反向拆分”））主要是为了遵守纳斯达克的最低买入价要求。反向拆分将于2023年9月7日生效，从2023年9月7日纳斯达克资本市场开盘开始，该公司的普通股将在拆分后以相同的代码GROM进行交易。
Following the effectiveness of the Reverse Split, the CUSIP number for the Company's common stock will be 39878L 506. As a result of the Reverse Split, every 20 shares of common stock issued and outstanding will be exchanged for one new share of common stock. No fractional shares will be issued to any holder, and instead of issuing such fractional shares, the Company will round up such fractional shares to the nearest whole share. Immediately after the Reverse Split becomes effective, the Company will have approximately 452,219 shares of common stock issued and outstanding. Additionally, the exercise price per share of common stock subject to the Company's warrants will be proportionately increased, such that the exercise price immediately following the Reverse Split will equal the product of twenty (20) and the exercise price immediately prior to the Reverse Split. The number of shares of common stock subject to warrants immediately following the Reverse Split will equal 1/20th (0.05 or 5%) of the number of shares of common stock subject to warrants immediately prior to the Reverse Split.
反向拆分生效后，公司普通股的CUSIP数字将为39878L 506。由于反向拆分，每发行和流通的20股普通股将兑换成一股新的普通股。不会向任何持有人发行零碎股，公司不会发行此类零碎股，而是将此类零碎股份四舍五入到最接近的整股。反向拆分生效后，公司将立即发行和流通约452,219股普通股。此外，受公司认股权证约束的每股普通股的行使价将按比例增加，因此反向拆分之后的行使价将等于二十（20）的乘积和反向拆分之前的行使价。反向拆分后立即受认股权证约束的普通股数量将等于反向拆分前受认股权证约束的普通股数量的1/20（0.05或5％）。
About Grom Social Enterprises, Inc.
Grom Social Enterprises, Inc. (NASDAQ: GROM) is an emerging social media platform and original content provider of entertainment for children under 13, which provides safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and apps) that entertain children and lets them interact with friends, access relevant news, and play proprietary games while teaching them about being good digital citizens, and Curiosity Ink Media, a global media company that develops, acquires, builds, grows, and maximizes the short-, mid- and long-term commercial potential of Kids & Family entertainment properties and associated business opportunities. The Company also owns and operates Top Draw Animation, which produces award-winning animation content for some of the largest international media companies in the world. The Company also includes Grom Educational Services, which provides web filtering for K-12 schools, government and private businesses. For more information, please visit or for investor relations, please visit .
关于 Grom Social Enterprises
Grom Social Enterprises, Inc.（纳斯达克股票代码：GROM）是一家新兴的社交媒体平台和面向13岁以下儿童的原创娱乐内容提供商，它为孩子提供安全可靠的数字环境，可以由父母或监护人监控。该公司拥有多家运营子公司，包括Grom Social，该公司通过移动和桌面环境（门户网站和应用程序）提供内容，这些环境可以娱乐孩子，让他们与朋友互动，访问相关新闻，玩专有游戏，同时教他们如何成为优秀的数字公民；以及Curiosity Ink Media，这是一家开发、收购、建造、发展和最大限度地发挥儿童和家庭娱乐资产的短期、中期和长期商业潜力的全球媒体公司 Curiosity Ink Media 商业机会。该公司还拥有并运营Top Draw Animation，该公司为世界上一些最大的国际媒体公司制作屡获殊荣的动画内容。该公司还包括Grom Education Services，该公司为K-12学校、政府和私营企业提供网络过滤服务。欲了解更多信息，请访问 或如需了解投资者关系，请访问 。
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements." Those statements include statements regarding the intent, belief, or current expectations of the Company and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company's reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company's website at The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
前瞻性陈述
本新闻稿包含可能构成 “前瞻性陈述” 的声明。这些陈述包括有关公司及其管理团队成员的意图、信念或当前期望的陈述，以及此类陈述所依据的假设。此类前瞻性陈述并不能保证未来的业绩，涉及风险和不确定性，实际结果可能与此类前瞻性陈述所设想的结果存在重大差异。公司向美国证券交易委员会提交的报告中讨论了管理层目前已知可能导致实际业绩与预期结果不同的重要因素，该报告可在以下网址查阅 www.sec.gov 以及公司网站本公司没有义务更新或修改前瞻性陈述以反映假设的变化、意外事件的发生或未来经营业绩的变化。
Media Contact for Grom Social Enterprises, Inc.:
Paul Ward
+1-917-593-6066
Paul@gromsocial.com
Grom Social Enterprises, Inc. 的媒体联系人：
保罗·沃德
+1-917-593-6066
Paul@gromsocial.com
译文内容由第三方软件翻译。