Stargaze Closes Private Offering

Rhea-AI Summary

Stargaze Entertainment Group (OTC: STGZ) has successfully completed a private offering of 53,500,000 shares of common stock, raising a total of $535,000. The offering was initially priced in October 2024 when the company's shares were trading on the OTC Pink Market between $0.0035 and $0.0064 per share.

Positive

• Secured $535,000 in new capital

Negative

• Significant shareholder dilution with 53.5M new shares issued
• Low share price ranging $0.0035-$0.0064 indicates weak market valuation
• Trading on OTC Pink Market suggests lower tier listing

LOS ANGELES, March 06, 2025 (GLOBE NEWSWIRE) -- Stargaze Entertainment Group Inc. (“Stargaze” or the “Company”) (OTC: STGZ), a content creation and social platform designed to redefine talent discovery, today announced the closing of a private offering of 53,500,000 shares of common stock which raised $535,000. This offering was priced in October 2024 when the Company’s common stock was trading on the OTC Pink Market at a range of $0.0035 to $0.0064.

About Stargaze

Stargaze is a next-generation content creation and social platform revolutionizing talent discovery. Originally launched in 2016 as Scenebot Stage, Stargaze bridges the gap between aspiring entertainers, industry professionals, and new audiences, offering a transparent and accessible path to break into entertainment. With nearly 1,000 career breakthroughs across film, television, stage, and music, the platform is a proven launchpad for emerging talent. As technology reshapes how entertainment is created and consumed, Stargaze is poised to lead the way with the anticipated full relaunch of its app in late spring/early summer 2025. The revamped platform will feature new tools designed to help creators turn their passions into real opportunities. Stargaze aims to redefine how talent is discovered and supported in today’s digital-first landscape. For more information, visit www.stargazestage.com.

Investor and Media Contact:

Gateway Group, Inc.
949.574.3860
STGZ@gateway-grp.com

CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements verbally 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. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expect,” “anticipate,” “contemplate,” “estimate,” “believe,” “plan,” “projected,” “predict,” “potential,” or “hope” or the negative of these or similar terms. This document specifically contains forward-looking statements regarding financing and its impact on our ability to execute on our business plans, as well as the development and relaunch of our app. In evaluating these forward-looking statements, you should consider various factors, including our ability to keep pace with new technology and changing market needs; our ability to finance our intended development; 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 document 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 document and other statements made from time to time by us or our representatives might not occur.

FAQ

How much did Stargaze Entertainment (STGZ) raise in its recent private offering?

Stargaze Entertainment raised $535,000 through a private offering of 53.5 million shares of common stock.

What was the trading range of STGZ stock when the offering was priced in October 2024?

STGZ stock was trading between $0.0035 and $0.0064 per share on the OTC Pink Market when the offering was priced.

How many shares were issued in Stargaze Entertainment's private offering?

Stargaze Entertainment issued 53,500,000 shares of common stock in the private offering.

When did Stargaze Entertainment (STGZ) close its private stock offering?

Stargaze Entertainment closed its private stock offering on March 6, 2025.