VS MEDIA Holdings Ltd

Earnings data Q2 2024

VS MEDIA Holdings Ltd. engages in the management of a global network of digital creators who create and publish content to social media platforms. It operates through the following segments: Marketing Services, Social Commerce, and Other. The Marketing Services segment is involved in providing affiliate marketing, product placement, and brand sponsorship deals for creators to promote brand's messages; and creating and publishing content on social media platforms. The Social Commerce segment resells brand's products to creators. The company was founded by Nga Fan Wong in 2013 and is headquartered in Hong Kong.

VS Media (NASDAQ: VSME ) stock is rocketing higher on Thursday alongside heavy pre-market trading of the investment holding company's shares. That includes more than 12.4 million shares of VSME stock changing hands as of this writing.

Why Is VS Media (VSME) Stock Up 86% Today?

HONG KONG, July 05, 2024 (GLOBE NEWSWIRE) --  VS Media Holdings Limited (NASDAQ: VSME , the "Company"), a leader in managing a global network of digital creators, today announced the receipt of formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

VS Media Holdings Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Requirement

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HONG KONG, June 11, 2024 (GLOBE NEWSWIRE) -- VS Media Holdings Limited (NASDAQ: VSME , the "Company"), a leader in managing a global network of digital creators, today announced that the Company is amending the effective date for its reverse stock split to Tuesday, June 18, 2024 to begin trading on a split-adjusted basis when the market opens, due to an unanticipated delay in obtaining necessary regulatory clearances.

VS Media Holdings Limited Announces Delay in Effective Date of Reverse Split to June 18, 2024

HONG KONG, June 10, 2024 (GLOBE NEWSWIRE) -- VS Media Holdings Limited (NASDAQ: VSME , the "Company"), a leader in managing a global network of digital creators, today announced that it plans to implement a 1-for-7 share combination of its Class A ordinary shares (“Class A Ordinary Shares”) and Class B ordinary shares (“Class B Ordinary Shares”) (the "Share Combination"), effective on June 17, 2024.

VS Media Holdings Limited Announces 1-for-7 Share Combination

HONG KONG, May 30, 2024 (GLOBE NEWSWIRE) -- VS Media Holdings Limited (NASDAQ:VSME, the "Company"), a leader in managing a global network of digital creators, today provided a Shareholder Update from its Founder and Chief Executive Officer Ivy Wong.

VS Media Provides Recent Updates to Shareholders

Full year revenue of $7.99 million Campaign-based marketing services revenue grew 12.7% yoy to $4.40 million Revenue of campaign-based marketing services in HK SAR grew 105.7% to $2.16 million Expects FY24 revenue to increase by 20% driven by growth in cross regional brand partnership, AI-enabled digital content and recovery in social commerce Announces share repurchase program with authorization to purchase up to 500,000 of the Company's Class A Ordinary Shares

VS MEDIA Announces Fiscal Year 2023 Financial Results

HONG KONG, Dec. 29, 2023 (GLOBE NEWSWIRE) -- VS Media Holdings Limited (NASDAQ: VSME, the “Company”), a leader in managing a global network of digital creators, announced today that today announced that it received written notification on December 27, 2023, from The Nasdaq Stock Market LLC that it no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2).

VS Media Announces Receipt of Nasdaq Minimum Bid Price Notification

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VS Media (NASDAQ: VSME ) stock is rising higher on Tuesday even without any news from the Hong Kong investment holding company. There have been no new press releases or filings with the Securities and Exchange Commission (SEC) released by VS Media that would cause its stock to rally today.

Why Is VS Media (VSME) Stock Up 35% Today?

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HONG KONG, Oct. 04, 2023 (GLOBE NEWSWIRE) -- VS Media Holdings Limited (NASDAQ: VSME), a leader in managing a global network of digital creators, is excited to announce its expansion into Macau, further solidifying its presence in the Asian market. With a decade-long track record of success operating in Hong Kong and Taiwan, VS Media is well-positioned to bring its extensive capabilities and expertise to Macau's thriving tourism and hospitality industry.

VS Media Expands into Macau, Demonstrating Strong Growth and Extensive Experience in Digital Marketing

HONG KONG, China, Oct. 02, 2023 (GLOBE NEWSWIRE) -- VS Media Holdings Limited (NASDAQ: VSME) (“VS Media,” or the “Company”) today announced the closing of its initial public offering (the “Offering”) of 2,000,000 Class A ordinary shares at a price to the public of $5.00 per share. The aggregate gross proceeds from the Offering amounted to $10,000,000, prior to deducting underwriting discounts, commissions. and Offering-related expenses.

VS Media Holdings Limited Announces Closing of Initial Public Offering

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The third quarter wrapped up with four IPOs and eight pipeline additions. Eight issuers submitted initial filings this past week. The October IPO market looks like it will be off to a quiet start, with no IPOs currently scheduled for the week ahead. ANL, VSME, LRE, GPAK, MTDC, KHIW, BTOC, BIRK

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HONG KONG, Sept. 27, 2023 (GLOBE NEWSWIRE) -- In a previous release issued under the same headline by VS Media Holdings Limited (NASDAQ: VSME) (“VS Media,” or the “Company”), there were inaccuracies regarding important dates. Please note that the Company's shares are expected to begin trading on the Nasdaq Capital Market on September 28, 2023 not September 27, 2023. In addition, the Offering is expected to close on October 2, 2023 not September 29, 2023. The corrected release follows:

CORRECTION -- VS Media Limited Announces Pricing Of Initial Public Offering

HONG KONG, Sept. 27, 2023 (GLOBE NEWSWIRE) -- VS Media Holdings Limited (NASDAQ: VSME) (“VS Media,” or the “Company”) today announced the pricing of its initial public offering of 2,000,000 Class A ordinary shares at a price to the public of $5.00 per share for a total of $10,000,000 of gross proceeds to the Company (the "Offering"), before deducting underwriting discounts, commissions, and other Offering expenses.

VS Media Limited Announces Pricing of Initial Public Offering

VS Media Holdings Limited has filed for a $10 million IPO of its Class A ordinary shares. The company operates a network of online content creators to promote products and services. My IPO outlook is to Sell due to decreasing revenue, increasing operating losses, high valuation expectations, and many risks operating in China.

News for VS MEDIA Holdings Ltd Stock (VSME)