VS Media Holdings Limited recently announced the completion of a second closing for its public offering, generating an additional $1.1 million and bringing total gross proceeds to approximately $9.2 million. The net proceeds will be directed toward business expansion and enhancing operational capabilities. However, Spark's evaluation labels VSME as an 'Underperform' due to declining revenues, high leverage, and a negative cash flow situation. The stock's bearish technical sentiment and unattractive valuation signal urgent need for strategic changes to improve financial health and market outlook.
On June 6, 2025, VS Media Holdings Limited completed the second closing of its public offering, issuing an additional 4,774,235 ordinary shares at $0.229 per share.
The company plans to utilize the net proceeds of $8.4 million for business expansion and general corporate purposes, enhancing its operational capacity and market positioning.
According to Spark, VSME is an Underperform due to declining revenues, high leverage, and negative cash flows which impact its stock score.
Immediate strategic changes are crucial to improve VSME's financial health and market perception, given the poor performance and unattractive valuation.
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