Post by Iseneschalon Jan 25, 2023 6:20am
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Post# 35244406
GROM....NR this a.m (early)
GROM....NR this a.m (early)Grom Social to Raise $3 Million in Private Placement of Common Stock, Warrants Wed Jan 25 06:16:06 2023 EDT 06:16 AM EST, 01/25/2023 (MT Newswires) -- Grom Social Enterprises (GROM) said Wednesday it has agreed to sell $3 million worth of common stock and warrants in a private placement to a single institutional investor. Under the deal, the company will sell 1.3 million shares of common stock, or pre-funded warrants in lieu thereof, and warrants to purchase 2.3 million common shares at a combined price of $2.26 per common share and accompanying warrants. The warrants will be exercisable at a price of $2.26 per share, the company said. The social media platform plans to use the net proceeds for general working capital and administrative purposes. Price: 2.45, Change: -0.75, Percent Change: -23.44 SID(MTNA2827779) GROM EQDE.MN EXTND.MN Equity-/-Debt-Offering Extended-Hours LOSE.MN NOAM.MN PMKT.MN Pre-Market STOK.MN Stock-Price-Down Stocks TNGY.MN Technology USUS.MN