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Glory Star New Media Group Holdings Limited Announces Proposed Public Offering

BEIJING, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory Star” or the “Company”), a leading mobile and online digital media and entertainment company in China, today announced it has commenced a public offering of ordinary shares and warrants to purchase ordinary shares. 

Univest Securities, LLC is acting as the sole book-running manager for the offering.

The Company intends to use the net proceeds from the offering primarily for working capital and other general corporate purposes.

The ordinary shares and warrants are being offered pursuant to an effective shelf registration statement on Form F-3 (File No. 333-248554), that was previously filed with the Securities and Exchange Commission (“SEC”) and declared effective on September 14, 2020. The securities may be offered only by means of a prospectus. A preliminary prospectus supplement relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov and may also be obtained from Univest Securities, LLC, 375 Park Avenue, 15th Floor, New York, NY 10152, by phone at (212) 343-8888 or by e-mail at info@univest.us. 

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.