NetworkNewsBreaks – Grom Social Enterprises Inc. (NASDAQ: GROM) Secures $5M in Underwritten Public Offering
Grom (NASDAQ: GROM), a media, technology and entertainment company dedicated to family friendly programming, web filtering technology and safe social media for kids, has closed its previously announced underwritten public offering of 1,415,682 units at a price to the public of $2.89 per unit and 314,422 pre-funded units at a price to the public of $2.889 per pre-funded unit. Grom secured aggregate gross proceeds of approximately $5.0 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. In addition, the company granted the underwriters a 45-day option to purchase up to an additional 259,515 units or pre-funded units…







