Armed With Nickelodeon Vets, Safe Social Media App Grom Social Is Entering The Streaming Wars
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Armed With Nickelodeon Vets, Safe Social Media App Grom Social Is Entering The Streaming Wars
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Source: GlobeNewswire (MIL-OSI)
BOCA RATON, July 15, 2021 (GLOBE NEWSWIRE) via NewMediaWire Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”), a social media platform and original content provider for children under the age of 13, today announced that the underwriters of its previously completed public offering have exercised the remainder of their over-allotment option to purchase an additional 361,445 shares. The 45-day over-allotment option was granted in connection with the Company’s previously announced underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit. After giving effect to the full exercise of the over-allotment option, the total number of units sold by the Company in the offering increased to 2,711,084 units, resulting in aggregate gross proceeds of approximately $11.5 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit issued in the offering was