BOCA RATON, Fla., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (the “Company”), today announced the pricing of a public offering of 1,415,682 units (the “Units”) at a price to the public of $2.89 per Unit and approximately 314,422 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.889 per Pre-Funded Unit. Each Unit consists of one share of common stock and two warrants, each to purchase one share of common stock. The warrants will have an exercise price of $2.89 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance. Each Pre-Funded Unit consist of one pre-funded warrant and two warrants identical to the warrants in the Unit. The pre-funded warrant is exercisable for one share of common stock for $0.001 per share immediately until all of the pre-funded warrants are exercised. The closing of the offering is expected to occur on or about December 13, 2022, subject to the satisfaction of customary closing conditions.
Grom Social Enterprises, Inc. Prices $5.0 Million Public Offering
Dec 09, 2022
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