Glory Star Signs $60 M Strategic Investment at $2.48 per Share

April 18, 2023

(24/7 MARKET NEWS) – Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) announced, this morning, that it entered into a Share Subscription Agreement, valued at $60,000,000, at a purchase price of $2.48 per share.

Glory Star is trading at $0.76, up $0.28 (+58.10%), on 300 thousand premarket shares traded.

Its 52-week range is $0.4202 to $1.54. It’s trading at a key inflection point and if it can break through this resistance, on strong volume, it will potentially attempt to retrace its recent prices. It’s a foreign based listing, so buyer beware.

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