Articles from Grom Social Enterprises

Grom Offers Increased Controls For Parents and Online Protection –and Fun– For Kids

Surfer’s Experiences as Young Cyberbullying Target Inspired Her Family to Create Grom’s Safe Social Media Just for Kids

Since 1999, Grom Social Enterprises, Inc.’s Manila-Based Subsidiary Serves Key Clients from Global Animation Programming Community

Led by Newly-Installed COO, Cyrus Mistry, Top Draw Offers Award-winning Team, Tax Incentives, and Preferred Partnerships for Clients at Annual Animation Conference

Grom Educational Services Division DCL Program – Offered to Schools Nationwide – Part of Grom’s Completely Updated Safe Social Media App Just for Kids!

Generous Government Tax Incentives Spur Renewed Interest in Grom’s Manila-based Studio from International Programming Suppliers

Grom Aims to Broaden its Portfolio of Entertainment Offerings

Acclaimed Animation Production Veteran to Oversee Team of 300+ Animation Staff

Florida-based, NASDAQ-listed Entertainment Provider Recently Entered into Letter of Intent with Arctic7 to Bring Gaming Development Production into its Portfolio of Offerings

Premiere Social Media App for Kids Promotes Safety and Good Citizenship

BOCA RATON, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM) ("Grom" or the "Company"), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today announced that it has entered into a non-binding letter of intent to acquire Arctic7, Inc. (www.Arctic7.com), an emerging gaming industry service provider, in a 100% equity transaction. Grom’s addition of Arctic7 could serve as an entry point for the company to secure a foothold in the growing and lucrative gaming industry and also explore opportunities to leverage gaming technology to serve the entertainment needs of today’s kids and families in new, innovative ways. The acquisition of Arctic7 would complement Grom's existing entertainment offerings of safe, social media for kids and its growing catalog of original intellectual property from Curiosity Ink Media, which Grom acquired in 2021.

Grom Subsidiaries to Underscore Kid-First Entertainment Properties and Animation Expertise at Global Marketplace

E-commerce and Helpful Holiday Editorial Gift Guides Spur Consumers

Marks Returns to US Women’s Olympic Surfing Team as Americans Look to Make Waves at French Polynesia During Summer Olympics

BOCA RATON, Fla., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today announced the first closing of its previously announced private placement of a convertible promissory note with an initial principal amount of $4,000,000 (the “Notes”). The Notes are being issued pursuant to the securities purchase agreement, dated as of November 9, 2023 (as amended) with a single institutional investor (the “Investor”). In connection with the purchase and sale of the Notes, the Company has agreed to issue to the Investor, warrants to acquire a total of 1,514,072 shares of Common Stock consisting of (1) 757,036 shares of Common Stock with an exercise price of $1.78 per share of Common Stock and (ii) 757,036 shares of Common Stock with an exercise price of $.001 per share of Common Stock.

The E-Commerce Platform Offers Specialty Collectibles and Digital Advent Calendars in time for the Holidays

BOCA RATON, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW), please note that information in the first and third paragraphs has been updated, along with other minor edits. The corrected release follows:

BOCA RATON, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (“Grom” or the “Company”), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today announced that it has entered into a securities purchase agreement (the “SPA”) with a single institutional investor (the “Investor”) pursuant to which the Company has agreed to sell two convertible promissory notes of the Company (each, a “Note” and collectively, the “Notes”), with each Note having an initial principal amount of $4,000,000, for a price of $3,640,000 per Note. In connection with the purchase and sale of the Notes, the Company has agreed to issue to the Investor warrants (each, a “Warrant” and collectively, the “Warrants”) to acquire a total of 3,028,146 shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”) (the issuance of the Warrants together with the purchase and sale of the Notes, the “Transactions”).

The E-Commerce Platform Offers Tips & Tricks for Stress-Free Holiday Preparation Through Reminders, Delivering on Their Promise to Provide Solutions for the Busiest Time of the Year

Ringing in the Holidays with Must-Have Gifts for Adults and Kids, Exclusive Offerings Include Home Goods, Journals, Calendars, Stationery Necessities, Candy, Cookies and More

Available via Santa.com and Other Retailers New Releases Inspire Readers Through Life Lessons and Holiday Magic with a Contemporary Twist

BOCA RATON, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that it has entered into an advisory agreement with the Joint Commission on Interdenominational Relations (“JCIR”) to analyze, strengthen and achieve the highest possible social impact by utilizing all metrics available for values-based investors, including a biblically responsible investing (“BRI”) impact score for the Company and its operations on a best efforts basis. The agreement was announced today by Mr. Darren Marks, Chairman and Chief Executive Officer for GROM, and Mr. Christopher Castillo, President for the JCIR.

Licensing Agreement to Construct a Diverse Collection, Expanding the Cats vs Pickles Universe with Innovative Construction, Non-plush Collectibles, and Novelty Toy Lines in Q2 2024

Manila-based Animation Studio Profiled in 60-minute Program Detailing Creative Industry’s Role in Serving Global Audiences and Contributions to National Economy

BOCA RATON, Fla., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (the “Company”), today closed its previously announced underwritten public offering of 946,000 units (the “Units”) at a price to the public of $3.00 per Unit and 54,000 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.999 per Pre-Funded Unit for aggregate gross proceeds of approximately $3.0 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. Each Unit consisted of one share of common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase one share of common stock (the Series A and Series B warrants together the “Warrants”). The Warrants have an exercise price of $3.00 per share, are exercisable immediately upon issuance, and will expire five (5) years following the date of issuance. Each Pre-Funded Unit consisted of one pre-funded warrant exercisable for one share of common stock (the “Pre-Funded Warrants”), one Series A Warrant and one Series B Warrant, identical to the Warrants in the Units. The purchase price of each Pre-Funded Unit is equal to the price per Unit being sold to the public in the offering, minus $0.001, and the exercise price of each Pre-Funded Warrant is $0.001 per share. The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full.

BOCA RATON, Fla., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (the “Company”), today announced the pricing of a public offering of 946,000 units (the “Units”) at a price to the public of $3.00 per Unit and approximately 54,000 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.999 per Pre-Funded Unit. Each Unit consists of one share of common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase one share of common stock (the Series A and Series B warrants together the “Warrants”). The Warrants will have an exercise price of $3.00 per share, are exercisable immediately upon issuance, and will expire five (5) years following the date of issuance. Each Pre-Funded Unit consists of one pre-funded warrant exercisable for one share of common stock (the “Pre-Funded Warrants”), one Series A Warrant and one Series B Warrant, identical to the Warrants in the Unit. The purchase price of each Pre-Funded Unit is equal to the price per Unit being sold to the public in this offering, minus $0.001, and the exercise price of each Pre-Funded Warrant is $0.001 per share. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. The closing of the offering is expected to occur on or about September 12, 2023, subject to the satisfaction of customary closing conditions.

BOCA RATON, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM) (the “Company”), a media, technology, and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that its Board of Directors has approved a 1-for-20 reverse stock split of its common shares (the “Reverse Split”) primarily to comply with Nasdaq’s minimum bid price requirement. The Reverse Split will be effective on September 7, 2023, and the Company’s common stock will trade on a post-split basis under the same symbol, GROM, commencing with the opening of trading on the Nasdaq Capital Market on September 7, 2023.

Adds to the Value of the Manila-Based Studio’s Production Assignments Already Underway of $2.2MM as of June 30, 2023

Innovative Digital Platform Provides Solutions to Holiday Planning, Decorating, Cooking and Entertaining

Feature Screenplay Recognized with Multiple Award Nominations During Prestigious Stuttgart International Festival of Animated Film

Curiosity Ink Media Commences Production on Season One of Groundbreaking Preschool Series with Broad Brand Extension Opportunities – for Early 2025 Release

BOCA RATON, Fla., June 26, 2023 (GLOBE NEWSWIRE) -- Curiosity Ink Media – Grom Social Enterprises, Inc.’s (NASDAQGROM) storytelling division, and its printed content partner, Dynamite Entertainment – the prolific publisher of graphic novels and other popular formats – today announced that the partnership will bring four new kids’ titles, each of which celebrates everyone’s favorite time of year, Christmas, that will be available through booksellers everywhere in time for Christmas, 2023.

Pursuing Strategic Relationships in Key Licensing Categories

BOCA RATON, Fla., April 27, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, today announced that Curiosity Ink Media, the company’s original storytelling division, and international global production and distribution powerhouse, Toon2Tango GmbH & Co. KG (“Toon2Tango”), were nominated both for Best Animated Film and Biggest International Market Potential Screenplay for Santa.com in the just-wrapped 2023 Stuttgart (Germany) International Festival of Animated Film. The recognition for Santa.com – which begins production later this year – was celebrated jointly by Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson, and Toon2Tango Chief Creative Officer, Jo Daris.

Denver Family Film Stomps its way onto Curiosity’s Growing Movie Slate

Curiosity to Spearhead Denver’s Licensing Expansion into All Product Categories

Brentnall to Manage Day-to-Day Operations of Emerging E-commerce, Entertainment and Editorial Hub for Adults & Kids

Grom Subsidiary Tapped to Bring Animation Production Expertise to Second Season of Hit Emirati Kids’ Comedy Series

Action-Packed Adventure to Save Christmas Slated to Commence Production This Year

BOCA RATON, Fla., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today announced that it has entered into a securities purchase agreement with a single institutional investor to raise gross proceeds of approximately $3.0 million through the private placement of 1,327,434 shares of common stock (or pre-funded warrants in lieu thereof), and warrants to purchase 2,323,010 shares of common stock. Each share of common stock (or pre-funded warrant in lieu thereof) is being sold together with accompanying warrants at a combined effective purchase price of $2.26 priced at-the-market under Nasdaq rules. The pre-funded units will be sold at the same price less the pre-funded warrant exercise price of $0.01. The warrants will be immediately exercisable from the date of issuance at an initial exercise price of $2.26 per share, subject to adjustments as set forth therein, and will expire five years from the date of issuance. The closing of the private placement is expected to occur on January 27, 2023, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreement.

Curiosity and Global Production & Distribution Group – Toon2Tango – to Co-Produce Groundbreaking New Preschool Series with Broad Brand Extension Opportunities

BOCA RATON, Fla, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today issued a letter to shareholders from Darren Marks, its Chairman and Chief Executive Officer.

BOCA RATON, Fla., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) (the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today closed its previously announced underwritten public offering of 1,415,682 units (the “Units”) at a price to the public of $2.89 per Unit and 314,422 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.889 per Pre-Funded Unit for aggregate gross proceeds of approximately $5.0 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. Each Unit consisted of one share of common stock and two warrants, each to purchase one share of common stock for $2.89 per share immediately until the fifth anniversary of the issuance date. Each Pre-Funded Unit consisted of one pre-funded warrant and two warrants identical to the warrants included in the Units. The pre-funded warrants are exercisable for one share of common stock for $0.001 per share immediately until all of the pre-funded warrants are exercised.

BOCA RATON, Fla., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM) (the “Company”), today announced the pricing of a public offering of 1,415,682 units (the “Units”) at a price to the public of $2.89 per Unit and approximately 314,422 pre-funded units (the “Pre-Funded Units”) at a price to the public of $2.889 per Pre-Funded Unit. Each Unit consists of one share of common stock and two warrants, each to purchase one share of common stock. The warrants will have an exercise price of $2.89 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance. Each Pre-Funded Unit consist of one pre-funded warrant and two warrants identical to the warrants in the Unit. The pre-funded warrant is exercisable for one share of common stock for $0.001 per share immediately until all of the pre-funded warrants are exercised. The closing of the offering is expected to occur on or about December 13, 2022, subject to the satisfaction of customary closing conditions.

BOCA RATON, Fla., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology and safe social media for kids, today announced that its Chairman and CEO, Darren Marks, is the featured guest on The Wall Street Resource podcast hosted by Jeff Kone.

BOCA RATON, Fla., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM) (“Grom” or the “Company”), a media, technology and entertainment company dedicated to family-friendly programming, web filtering technology, and safe social media for kids, has engaged international investor relations specialists MZ Group (“MZ”) to lead a comprehensive strategic investor relations and financial communications program across all key markets.

How the Gherkins Stole Christmas Counts Down to the Big Day, Revealing a New Cat-tastic Animated Chapter Every Day Beginning December 1 through Christmas Day

Grom’s Curiosity Ink Media Gets Into the Holiday Spirit with Exclusive, Limited Edition Handcrafted St. Nick Ornament for Early Shoppers 

Immersive Experience from Grom’s Curiosity Ink Media Holiday Site Brings Christmas Magic Through Free, Face-to-Face Santa Chats

PAWsome PUPpets! Comes to Booksellers Everywhere in January 2023

Grom Educational Services to Offer Radix TeacherView Alongside NetSpective Web Filtering Solution

Immersive Experiential and E-commerce Site Helps Families Prepare for the Holidays with Great Gifts, Smart Tips, Planning Guides, an Interactive North Pole for Kids and More to Make Christmas 2022 the Merriest Ever!

Grom Subsidiary Continues Delivers Premium Animation Production Services for Global Entertainment Content Suppliers

BOCA RATON, Fla., July 27, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc. (NASDAQGROM), a provider of safe social media for kids, animation production services, original intellectual properties, and web filtering solutions used in schools, today issued a Letter to Shareholders. The letter was issued by Darren Marks, Grom’s Chairman and Chief Executive Officer. Investor relations information on Grom Social Enterprises, Inc. is available at https://investors.gromsocial.com.