Welcome to our dedicated page for VS MEDIA Holdings news (Ticker: VSME), a resource for investors and traders seeking the latest updates and insights on VS MEDIA Holdings stock.
VS MEDIA Holdings Limited (NASDAQ: VSME) operates at the intersection of digital content creation and brand marketing, connecting influencers with global enterprises through data-driven strategies. This page serves as the definitive source for VSME news, offering investors and industry professionals timely updates on corporate developments.
Access official press releases, financial disclosures, and strategic announcements covering creator partnerships, marketing innovations, and operational milestones. Our curated collection helps stakeholders track VSME's progress in shaping social commerce trends across key markets.
Key content includes earnings reports, brand collaboration announcements, leadership updates, and industry recognition. All materials are sourced directly from company filings and verified channels to ensure reliability.
Bookmark this page for streamlined access to VSME's evolving narrative in digital marketing. Check regularly for updates that could impact market positioning in the creator economy sector.
VS Media Holdings (NASDAQ: VSME), a prominent entity in managing a global network of digital creators, announced that it has regained compliance with Nasdaq's minimum bid price requirement.
On July 5, 2024, Nasdaq formally notified the company that it met the necessary criteria by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days, from June 18, 2024, to July 2, 2024.
As a result, Nasdaq has closed the previous bid deficiency issue, confirming the company's compliance with Listing Rule 5550(a)(2).
VS Media Holdings (NASDAQ: VSME) announced a delay in the effective date for its reverse stock split to June 18, 2024, due to unforeseen regulatory clearance issues. Originally scheduled for June 17, 2024, the reverse split will now begin trading on a split-adjusted basis on June 18, 2024, when the market opens.
VS Media Holdings (NASDAQ: VSME) announced a 1-for-7 share combination for its Class A and Class B ordinary shares, effective June 17, 2024. The move aims to help the company comply with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing on the Nasdaq Capital Market. The new CUSIP number for the shares will be G9517U202. The combination will not issue fractional shares; any fractional shares will be rounded up. This reorganization affects all shareholders uniformly without altering their percentage interest in the company's shares.
VS Media Holdings (NASDAQ: VSME) has released an update showcasing significant growth and strategic initiatives. The company reported a 12.7% increase in campaign-based marketing and nearly $8M in revenue for 2023, with expectations of 20% growth in 2024. Notable developments include a strategic investment in MeeshQ, a creative venture studio in Los Angeles, and partnerships with The Pinkfong Company and King Parrot Group to launch a VS Lounge in Hong Kong. Additionally, VSME expanded into Macau, securing deals with Macau Tourism Board, Galaxy Entertainment Group, and Wynn Resorts Macau. The company also announced a 10b-18 share repurchase program, authorizing the purchase of up to 500,000 Class A Ordinary Shares over the next year.
VS Media Holdings (NASDAQ: VSME) announced its fiscal year 2023 financial results, reporting a full-year revenue of $7.99 million. Campaign-based marketing services revenue grew by 12.7% year-over-year to $4.40 million, with Hong Kong SAR revenue growing by 105.7% to $2.16 million. The company expects a 20% revenue increase in FY24, driven by cross-regional brand partnerships, AI-enabled digital content, and a recovery in social commerce. VS Media also introduced a share repurchase program authorizing the purchase of up to 500,000 Class A Ordinary Shares.
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