Trending...
- Honoring Black History, Culture, and Community in Fall River
- Cheryl Hines' Trailer PROWLING to Sardinia
- Token-Operated Sake Service Opens at Tobu Nikko Station
JERSEY CITY, N.J., July 19, 2024 ~ WallachBeth Capital LLC, a prominent provider of capital markets and institutional execution services, has announced the successful pricing of QMMM Holdings Limited's initial public offering (IPO). The Hong Kong-based company, which specializes in digital media advertising, virtual avatar technology, and virtual apparel services, will be offering 2,150,000 ordinary shares at a price of $4.00 per share.
The aggregate gross proceeds from the IPO are expected to be $8.6 million, before deducting underwriting discounts and other related expenses. The offering has been approved for listing on The Nasdaq Capital Market and is set to commence trading on July 19, 2024 under the ticker symbol "QMMM."
In addition to the initial offering, QMMM has granted the underwriter a 45-day option to purchase up to an additional 322,500 ordinary shares at the public offering price, less underwriting discounts and commissions. The IPO is being conducted on a firm commitment basis with WallachBeth Capital LLC acting as the sole underwriter.
More on Jersey Desk
FisherBroyles LLP is serving as U.S. securities counsel to QMMM Holdings Limited while Sichenzia Ross Ference Carmel LLP is acting as U.S. counsel to WallachBeth Capital LLC in connection with the Offering.
The Offering is being made in accordance with a registration statement on Form F-1 that was filed with the U.S. Securities and Exchange Commission (SEC) (File Number: 333-274887) and declared effective by the SEC on July 1, 2024. Interested investors can obtain copies of the prospectus relating to the Offering from WallachBeth Capital LLC or through the SEC's website.
Before making any investment decisions, potential investors are advised to carefully read through all relevant documents filed by QMMM Holdings Limited with the SEC for more information about the company and its IPO. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the company's securities.
More on Jersey Desk
WallachBeth Capital LLC is a well-respected firm that offers a wide range of capital markets and investment banking services to the healthcare community. With a strong track record in initial public offerings, follow-on issues, PIPE offerings, and private transactions, the firm has established itself as a trusted partner for both issuers and investors.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. Any sale of these securities would be subject to registration or qualification under the securities laws of the relevant state or jurisdiction.
In accordance with safe harbor provisions, this press release contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations and beliefs and are subject to various factors that could cause actual results to differ materially from those expressed or implied in these statements. QMMM Holdings Limited disclaims any obligation to update these forward-looking statements.
The aggregate gross proceeds from the IPO are expected to be $8.6 million, before deducting underwriting discounts and other related expenses. The offering has been approved for listing on The Nasdaq Capital Market and is set to commence trading on July 19, 2024 under the ticker symbol "QMMM."
In addition to the initial offering, QMMM has granted the underwriter a 45-day option to purchase up to an additional 322,500 ordinary shares at the public offering price, less underwriting discounts and commissions. The IPO is being conducted on a firm commitment basis with WallachBeth Capital LLC acting as the sole underwriter.
More on Jersey Desk
- Nick Menza Documentary "This Was My Life" now on Blu-ray!
- Reeprint Media Unveils 'Plot Girls'—Faceless Scripted Podcast Redefining Urban Audio Thrillers
- Miboxer Achieved New Goal in GILE 2025
- Jeopardy!'s Ken Jennings Headlines National Mensa Event
- Mensa Foundation Prize Awarded to Neuroscientist-Pianist
FisherBroyles LLP is serving as U.S. securities counsel to QMMM Holdings Limited while Sichenzia Ross Ference Carmel LLP is acting as U.S. counsel to WallachBeth Capital LLC in connection with the Offering.
The Offering is being made in accordance with a registration statement on Form F-1 that was filed with the U.S. Securities and Exchange Commission (SEC) (File Number: 333-274887) and declared effective by the SEC on July 1, 2024. Interested investors can obtain copies of the prospectus relating to the Offering from WallachBeth Capital LLC or through the SEC's website.
Before making any investment decisions, potential investors are advised to carefully read through all relevant documents filed by QMMM Holdings Limited with the SEC for more information about the company and its IPO. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the company's securities.
More on Jersey Desk
- New book, "High-Tech Heroes," redefines billionaire as someone who improves a billion lives
- Durex Products Wire Cloth Screen Media: Engineered for Maximum Performance and Durability
- OPRAH.COM Featured Award-Winning Novel AS FAR AS YOU GO BEFORE YOU HAVE TO COME BACK now Available as Audiobook
- How Kallie Boxell Helps Texas Companies Solve the Talent Equation
- KeysCaribbean Vacation Home Rentals Offers Last-Minute Booking Discount of 15 Percent
WallachBeth Capital LLC is a well-respected firm that offers a wide range of capital markets and investment banking services to the healthcare community. With a strong track record in initial public offerings, follow-on issues, PIPE offerings, and private transactions, the firm has established itself as a trusted partner for both issuers and investors.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. Any sale of these securities would be subject to registration or qualification under the securities laws of the relevant state or jurisdiction.
In accordance with safe harbor provisions, this press release contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations and beliefs and are subject to various factors that could cause actual results to differ materially from those expressed or implied in these statements. QMMM Holdings Limited disclaims any obligation to update these forward-looking statements.
Filed Under: Business
0 Comments
Latest on Jersey Desk
- United World Schools USA (UWS USA) Launched Hands Up for Girls to Expand Global Education Access
- Work 365 Launches Certified Provider Integration (CPI) Program to Help Distributors and CSPs Navigate Microsoft's Evolving Ecosystem
- Five Aster Awards! Fusion Marketing Group Brings Home Big Wins in 2025!
- NSPEC Innovations Launches New BigCommerce Store with MAKDigital's BigCommerce Austin Theme
- AI changes cryptocurrency market trading, TWL Miner launches new 1-day contract, giving away over $1 million
- A Himalayan Adventure Comes to Morris Plains – Meet Author K.A. Nayampalli
- A Global First: NaturismRE™ Launches the Global Urgency Index
- 14th CryptoSuper500 Report Releases: Bitcoin's Evolution into a Global Supercomputer
- Ross Toohey named Managing Director in Chesterfield, Missouri
- High Profile Gateway Race Events With Strong Brand Exposure Plus Sponsorship in Female Motorsports; $100 Million Financing Unlocked: Lottery.com
- ASI Accelerates iMIS® Innovation by Acquiring CSI's Product Suite and Expert Team
- Coming Up on "Financial Freedom with Tom Hegna" Vishaw Sondhi
- Vishaw Sondhi Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- Garden State Gay Socials & EDGE NJ Present: FREE Gaymer Night
- PUSHERMAN- – Best Feature Documentary Official Winner at NYC and London Festivals
- The Center for Contemporary Art 2025 Members' Juried Exhibition
- Female Motorsports Sponsorship & Expansion; Acquisition Agreement of UAE-Based Sports Incubator by Online Lottery & Sports Game Provider: Lottery.com
- Global Court Momentum Builds Against Forced Psychiatry; CCHR Urges U.S. Reform
- Integris Composites Joins Paris Air Show at USA Pavilion
- Cheryl Hines' Trailer PROWLING to Sardinia