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QYOU Media ( (TSE:QYOU) ) has provided an announcement.
QYOU Media has successfully completed a Non-Brokered Private Placement Offering, raising $750,000 through the issuance of 25 million units. The proceeds will be used for repaying loans, settling acquisition-related dues, and general corporate purposes. The offering involved participation from company insiders and was exempt from certain regulatory requirements. The securities issued are subject to a hold period under Canadian laws and are not registered under U.S. securities laws.
More about QYOU Media
QYOU Media is a rapidly growing media company operating in India and the United States. It specializes in producing, distributing, and monetizing content created by social media influencers and digital content creators. The company operates an influencer marketing platform in India called Chtrbox, which connects brands with social media influencers. In the United States, QYOU Media collaborates with major film studios, game publishers, and brands to create and market content through creators and influencers. The company targets millennial and Gen Z audiences, reaching over one billion consumers.
YTD Price Performance: -12.50%
Average Trading Volume: 127,068
Technical Sentiment Signal: Sell
Current Market Cap: C$20.81M
Find detailed analytics on QYOU stock on TipRanks’ Stock Analysis page.