QYOU Media Completes First Tranche of Private Placement, Raising $1.1 Million

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

QYOU Media has completed the first tranche of its Non-Brokered Private Placement Offering, raising approximately $1.1 million through the issuance of 36,666,667 Units at $0.03 per Unit. Each Unit includes one Common Share and three-quarters of a Warrant, allowing the purchase of an additional Common Share at $0.06 until March 2027. The company also issued Finder’s Warrants as part of the offering, which remains subject to final approval by the TSX Venture Exchange. This financial move is aimed at bolstering QYOU Media’s operations and market positioning, reflecting its strategic focus on leveraging influencer-driven content to expand its reach and influence in the media industry.

More about QYOU Media

QYOU Media is a rapidly growing media company operating in India and the United States, focusing on producing, distributing, and monetizing content created by social media influencers and digital content stars. The company operates an influencer marketing platform in India called Chtrbox and collaborates with major film studios, game publishers, and brands in the United States to create and market content via creators and influencers. Founded by industry veterans from companies like Lionsgate, MTV, Disney, Sony, and TikTok, QYOU Media targets millennial and Gen Z audiences, reaching over a billion consumers.

YTD Price Performance: -26.67%

Average Trading Volume: 21,174

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $12.7M

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