Grom Social Enterprises prices $3.0M public offering

Grom Social Enterprises “announced the pricing of a public offering of 946,000 units at a price to the public of $3.00 per Unit and approximately 54,000 pre-funded units at a price to the public of $2.999 per Pre-Funded Unit. Each Unit consists of one share of common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase one share of common stock. The Warrants will have an exercise price of $3.00 per share, are exercisable immediately upon issuance, and will expire five (5) years following the date of issuance. Each Pre-Funded Unit consists of one pre-funded warrant exercisable for one share of common stock, one Series A Warrant and one Series B Warrant, identical to the Warrants in the Unit. EF Hutton, division of Benchmark Investments, LLC is acting as the sole book running manager for the offering.”