QMMM Announces Pricing of $8 Million Public Offering of Ordinary Shares

Rhea-AI Summary

QMMM Holdings Limited (NASDAQ: QMMM), a Hong Kong-based digital media advertising and virtual technology company, has announced the pricing of its public offering. The company is offering 40,000,000 ordinary shares at $0.20 per share, aiming to raise $8 million in gross proceeds before deducting placement agent fees and other expenses. The offering is expected to close on June 23, 2025. Pacific Century Securities LLC and Revere Securities LLC are serving as co-placement agents for this offering. The offering is being conducted pursuant to an effective registration statement on Form F-1 filed with the SEC.

Positive

• Company aims to raise $8 million in gross proceeds to support operations
• Successful registration and SEC approval for the offering

Negative

• Significant dilution for existing shareholders with 40 million new shares being offered
• Low offering price of $0.20 per share could indicate weak market confidence

News Market Reaction – QMMM

+11.46%

1 alert

+11.46% News Effect

On the day this news was published, QMMM gained 11.46%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONG KONG, June 20, 2025 /PRNewswire/ -- QMMM Holdings Limited (NASDAQ: QMMM) (the "Company" or "QMMM"), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced the pricing of its best efforts public offering of 40,000,000 ordinary shares at a public offering price of $0.20 per ordinary share.

Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be $8 million. The offering is expected to close on Jun 23, 2025, subject to customary closing conditions.

Pacific Century Securities LLC and Revere Securities LLC acted as co-placement agents in connection with this offering.

The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-287066) (the "Registration Statement"), which was declared effective by the Securities and Exchange Commission (the "SEC") today. The offering was being made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering will be filed with the SEC. Copies may be obtained from Pacific Century Securities, LLC, 60-20 Woodside Avenue Ste 211, Queens, NY 11377, at +1 (212) 970-8868 and from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY 10022, at +1 (212) 688-2350.

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

About QMMM Holdings Limited

QMMM Holdings Limited (the "Company") is an award-winning digital advertising and marketing production services company. Through its operating subsidiaries ManyMany Creations Limited and Quantum Matrix Limited in Hong Kong, the Company has used interactive design, animation, art-tech and virtual technologies in over 500 commercial campaigns. The Company has worked with large domestic and international banks, real estate developers, world famous amusement park, top international athletic apparel and footwear brands and luxury cosmetic products and international brands for their advertising and creation work in Hong Kong. Standing prominently in Hong Kong for over 18 years in the industry, with top creativity, premium account servicing, and ever-advancing tech R&D, the Company continues to be one of the top premium choices for enterprises and multinational enterprises looking for large scale content-heavy and tech-integrated campaigns. The clients of the Company include local and international banks, real-estate developers, luxury brands, high fashion houses, and theme parks. 

Safe Harbor Statement

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to satisfy the closing conditions related to the offering, our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

For enquiry, please contact:

QMMM Holdings Limited
Unit 1301, Block C,
Sea View Estate,
8 Watson Road,
Tin Hau, Hong Kong
Phone: +852 3549 6889
Email: info@qmmm.io

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SOURCE QMMM HOLDINGS LIMITED

FAQ

What is the size and price of QMMM's public offering in 2025?

QMMM is offering 40,000,000 ordinary shares at $0.20 per share, aiming to raise $8 million in gross proceeds.

When is QMMM's public offering expected to close?

The public offering is expected to close on June 23, 2025, subject to customary closing conditions.

Who are the placement agents for QMMM's 2025 public offering?

Pacific Century Securities LLC and Revere Securities LLC are acting as co-placement agents for the offering.

What does QMMM Holdings Limited do?

QMMM Holdings Limited is a digital media advertising, virtual avatar & virtual apparel technology service provider based in Hong Kong.

How will QMMM's public offering affect existing shareholders?

The offering of 40 million new ordinary shares will likely result in significant dilution for existing shareholders.