QMMM Holdings completes $8 million public offering of 40 million shares.

QMMM Holdings, a digital media advertising and virtual technology service provider in Hong Kong, has closed its public offering of 40 million ordinary shares at $0.20 per share, raising gross proceeds of $8 million. Pacific Century Securities and Revere Securities acted as co-placement agents. The securities were offered under a registration statement filed with the SEC on May 8, 2025, and declared effective on June 20, 2025.

Hong Kong-based digital media advertising and virtual technology service provider, QMMM Holdings Limited (NASDAQ: QMMM), has successfully closed its public offering of 40 million ordinary shares at $0.20 per share, raising $8 million in gross proceeds [1]. The offering was conducted on a best efforts basis, with Pacific Century Securities LLC and Revere Securities LLC serving as co-placement agents [2]. The securities were offered under a registration statement filed with the SEC on May 8, 2025, and declared effective on June 20, 2025 [1].

The proceeds from the offering will be used to fund the company's ongoing strategic developments and operational updates, including advancements in virtual avatar integration, art-tech applications, and large-scale digital production projects [1]. The company's focus on technological innovation and premium client servicing has positioned it as a leader in the global digital advertising market [1].

QMMM Holdings' stock price, as of June 19, 2025, is $0.96, and its market capitalization stands at approximately $17.4 million [1]. The company's recent public offering demonstrates its commitment to maintaining its competitive edge through continuous innovation and expansion into new markets.

References:

[1] https://www.stocktitan.net/news/QMMM/qmmm-announces-closing-of-8-million-public-offering-of-ordinary-r0aplxjogdfz.html
[2] https://www.stocktitan.net/news/QMMM/