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QYOU Media To Raise Approximately $3.2M To Fuel GrowthFinancing Supports Recent Maxamtech Mobile Gaming Acquisition and Direct to Consumer Launch of QPLAY Q India and QYOU USA Business Units Both On Target For Record Q4 Revenue Driven By Five India Channels and Record Setting Pipeline of US Customers TORONTO and MUMBAI, India, Nov. 8, 2022 /PRNewswire/ - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) announced today that it has entered into an agreement with Clarus Securities Inc., to conduct on a "best efforts" marketed basis an offering of up to 25,600,000 units of the company for aggregate proceeds of up to $3,200,000. Details of the transaction can be found HERE. The capital will help support overall corporate growth including a variety of major initiatives and milestones established over the last six months as work continues on a strong finish to Q4 2022, while positioning the business for further growth for 2023. These achievements and milestones include:
About QYOU Media One of the fastest growing creator-media companies, QYOU Media operates in India and the United States producing, distributing and monetizing content created by social media influencers and digital content stars. In India, under our flagship brand, The Q, we curate, produce and distribute premium content across television networks, VOD and OTT platforms, mobile phones, smart TV's and app-based platforms. We now have 5 emerging content destinations engaging over 125 million Indian households weekly – The Q (mass entertainment), Q Marathi (regional content), Q Kahaniyan (animated content), Q Comedistaan (comedy focused) and our latest Q-GameX (live gaming). Our influencer marketing company, Chtrbox, has been a pioneer in India's creator economy, leveraging data to connect brands to the right social media influencers. In the United States, we power major film studios, game publishers and brands to create content and market via creators and influencers. Founded and created by industry veterans from Lionsgate, MTV, Disney and Sony, QYOU Media's millennial and Gen Z-focused content reaches more than one billion consumers around the world every month. Experience our work at www.qyoumedia.com, www.theq.tv and www.theqyou.com and www.chtrbox.com. Join our shareholder chat group on Telegram: http://t.me/QYOUMedia Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View original content to download multimedia:https://www.prnewswire.com/news-releases/qyou-media-to-raise-approximately-3-2m-to-fuel-growth-301671677.html SOURCE QYOU Media Inc. |