VS MEDIA Holdings Limited announced that it received formal notification from the Nasdaq Stock Market LLC on July 2, 2025, confirming the company has regained compliance with Nasdaq Listing Rule 5550(b). This rule requires companies to meet specific standards related to stockholders' equity, market value, or net income.
The determination of compliance followed the company's recent public offerings, which closed on May 30, 2025, and June 6, 2025. These offerings generated total gross proceeds of $9,176,100, significantly strengthening the company's balance sheet.
As a direct result of these capital-raising transactions, VS Media satisfied the minimum stockholders' equity requirement under Listing Rule 5550(b)(1). This resolution closes the matter regarding its previous deficiency and ensures the company's continued listing on Nasdaq.
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