{"id":12525,"date":"2023-08-17T15:02:51","date_gmt":"2023-08-17T15:02:51","guid":{"rendered":"https:\/\/isafespend.com\/investing\/glory-star-new-media-shares-up-17-after-20m-strategic-investment\/"},"modified":"2023-08-17T15:02:52","modified_gmt":"2023-08-17T15:02:52","slug":"glory-star-new-media-shares-up-17-after-20m-strategic-investment","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=12525","title":{"rendered":"Glory Star New Media Shares Up 17% After $20M Strategic Investment"},"content":{"rendered":"
\n

By Chris Wack<\/p>\n\n

Glory Star New Media Group shares were up 17% to 58 cents after the company entered into a share subscription agreement with two new institutional investors for the issuance of 8 million shares at $2.48 a share.<\/p>\n

The stock is down 60% in the past 12 months.<\/p>\n

\n

The proceeds from the investment will be $20 million.<\/p>\n

The purchase price was determined based off of a prior private placement that closed on May 9. The closing of this private placement is expected to be on about Sept. 5.<\/p>\n\n

Write to Chris Wack at chris.wack@wsj.com<\/p>\n<\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Chris Wack Glory Star New Media Group shares were up 17% to 58 cents after the company entered into a share subscription agreement with two new institutional investors for the issuance of 8 million shares at $2.48 a share. The stock is down 60% in the past 12 months. The proceeds from the investment<\/p>\n","protected":false},"author":1,"featured_media":9638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-12525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nGlory Star New Media Shares Up 17% After $20M Strategic Investment | iSafeSpend<\/title>\n<meta name=\"description\" content=\"By Chris Wack Glory Star New Media Group shares were up 17% to 58 cents after the company entered into a share subscription agreement with two new\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=12525\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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