QYOU Media Amends Private Placement Offering to Raise $2.1 Million

An update from QYOU Media ( (TSE:QYOU) ) is now available.

QYOU Media Inc. has amended its Non-Brokered Private Placement Offering to consist of up to 70 million Units at $0.03 per Unit, aiming to raise $2.1 million. The proceeds will support expenses related to the Chtrbox transaction, primarily for legal, accounting, and consulting fees, and are expected to close around March 18, 2025, subject to necessary approvals.

More about QYOU Media

QYOU Media Inc. operates in India and the United States, focusing on producing and distributing content created by social media stars and digital content creators.

YTD Price Performance: -33.33%

Average Trading Volume: 20,677

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $10.78M

For an in-depth examination of QYOU stock, go to TipRanks’ Stock Analysis page.