NetworkNewsBreaks – Grom Social Enterprises Inc. (NASDAQ: GROM) Enters into $3M Private Placement
Grom Social Enterprises (NASDAQ: GROM), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, announced it has entered into securities purchase agreement. The agreement is with a single institutional investor and is estimated to raise some $3 million in gross proceeds; the funds will be raised through the private placement of more than 1.3 million shares of common stock (or prefunded warrants in lieu thereof) as well as warrants to purchase 2,323,010 shares of common stock. According to the announcement, each share of common stock (or prefunded warrant) will be…







