QYOU Media Completes First Tranche of Non-Brokered Private Placement Offering
Los Angeles, California, and Toronto, Ontario – March 19, 2025 – QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF), a leading content production and distribution company specializing in social media stars and digital content creators in India and the United States, is pleased to announce the successful completion of the first tranche of its Non-Brokered Private Placement Offering (the “Offering”).
Details of the Offering
As previously announced on February 24, 2025, and March 12, 2025, the Company intends to issue up to 120,000,000 Units (the “Units”) at a price of $0.03 per Unit for total gross proceeds of approximately $3,600,000. Each Unit consists of one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one common share at a price of $0.05 for a period of three years from the date of issuance.
First Tranche Results
In the first tranche of the Offering, the Company issued 36,666,667 Units for approximate gross proceeds of $1,100,000. The net proceeds from this tranche will be used for working capital and general corporate purposes.
Impact on Shareholders
This financing represents an opportunity for existing shareholders to further invest in QYOU Media at a lower price point than the current market price. The proceeds from this financing will be used to fuel the Company’s growth, potentially leading to increased value for shareholders as the business expands and generates more revenue.
Impact on the Industry and Consumers
QYOU Media’s continued growth as a content production and distribution company specializing in social media stars and digital content creators is a testament to the increasing importance of digital content in today’s media landscape. As more consumers turn to digital platforms for entertainment, companies like QYOU Media are well-positioned to capitalize on this trend and provide high-quality content to a growing audience.
Conclusion
QYOU Media’s successful completion of the first tranche of its Non-Brokered Private Placement Offering is an important step in the Company’s growth strategy. The proceeds from this financing will be used to fuel the Company’s expansion and further its mission to produce and distribute high-quality content created by social media stars and digital content creators. This financing also underscores the growing importance of digital content in the media industry and the increasing value of companies that specialize in this area.
- QYOU Media completes first tranche of Non-Brokered Private Placement Offering
- Issued 36,666,667 Units for $1,100,000 in gross proceeds
- Proceeds to be used for working capital and general corporate purposes
- Opportunity for existing shareholders to invest at lower price point
- Further positions QYOU Media for growth in the digital content industry
