VS MEDIA Holdings has regained compliance with Nasdaq listing standards following successful public offerings totaling over $9 million.
Quiver AI Summary
VS MEDIA Holdings Limited announced that it has regained compliance with Nasdaq Listing Rule 5550(b) following a formal notification from the Nasdaq Stock Market. This compliance was achieved after the company completed public offerings that raised over $9 million, which strengthened its stockholders’ equity and closed the matter of its previous deficiency. CEO Ivy Wong expressed gratitude to the investors and shared optimism about the company's future, highlighting a scalable business model and strong growth momentum. VS MEDIA is a digital media and social commerce company managing a network of creators in the Asia Pacific region.
Potential Positives
- The company has regained compliance with Nasdaq Listing Rule 5550(b), which enhances its credibility and status in the financial markets.
- Recent public offerings generated total gross proceeds of $9,176,100, significantly strengthening the company's balance sheet.
- The CEO expressed optimism about the company's outlook and future updates, indicating confidence in growth and sustainability.
- VS MEDIA has a scalable business model and strong momentum in 2025, suggesting positive growth prospects moving forward.
Potential Negatives
- The company only regained compliance with Nasdaq listing rules after conducting public offerings, which may indicate prior financial instability.
- Despite regaining compliance, the need for public offerings to satisfy the minimum stockholders' equity requirement raises concerns about the company's financial health and sustainability.
- The press release includes numerous forward-looking statements, suggesting a reliance on assumptions and uncertainties that could lead to potential risks for investors.
FAQ
What announcement did VS MEDIA Holdings make on July 3, 2025?
VS MEDIA Holdings announced that it has regained compliance with Nasdaq Listing Rule 5550(b).
How did VS MEDIA recover its compliance with Nasdaq?
The company recovered compliance through recent public offerings generating gross proceeds of $9,176,100.
What does Nasdaq Listing Rule 5550(b) require?
This rule requires a company to meet specific standards regarding stockholders' equity, market value, or net income.
Who is the CEO of VS MEDIA Holdings?
Ivy Wong is the Founder and CEO of VS MEDIA Holdings Limited.
Where can I find more information about VS MEDIA Holdings?
More information can be found on their official website at https://www.vs-media.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
Hong Kong, July 03, 2025 (GLOBE NEWSWIRE) -- VS MEDIA Holdings Limited (Nasdaq: VSME), a leading digital media and social commerce company in the global Creator Economy, today announced that it received formal notification from the Nasdaq Stock Market LLC (“Nasdaq”) on July 2, 2025, that the Company has regained compliance with Nasdaq Listing Rule 5550(b). This rule requires the Company to meet at least one of the following standards: (1) stockholders’ equity of at least $2.5 million; (2) market value of listed securities of at least $35 million; or (3) net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years.
The Nasdaq staff made this determination of compliance following the Company’s recent public offerings, announced on May 30, 2025, and June 6, 2025, which generated total gross proceeds of $9,176,100. As a result of these transactions, the Company satisfied the minimum stockholders’ equity requirement under Listing Rule 5550(b)(1), and the matter regarding its previous deficiency is now considered closed.
"Through our recent public offerings, we have significantly strengthened our balance sheet, enabling us to regain compliance with Nasdaq’s stockholders’ equity standard,” said Ivy Wong, Founder and CEO of VS MEDIA. “We deeply appreciate the support of the investors who participated in our offerings and believe in our long-term vision. With a highly scalable business model and strong momentum in 2025, we are more optimistic than ever about the Company’s outlook and look forward to sharing further updates in the coming weeks and months.”
About VS Media
VS Media Holdings Limited (NASDAQ:VSME) manages a network of leading digital creators across Asia Pacific that powers content-driven social commerce and offers local and effective marketing services to brands. Founded in 2013, VSME partners with over 1,500 creators and over 1,000 brands to promote and merchandise their products and services. The Company is currently growing internationally across Hong Kong, China, Taiwan, Singapore, and beyond. For more information, visit
https://www.vs-media.com
.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
Contact Information:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: [email protected]