Press Releases

  • Posted on Monday June 27, 2022
    Premium Supplier of Animation Production for Global Entertainment Brands Bolsters Output and Leverages New Leadership TeamBOCA RATON Fla., June 27, 2022 (GLOBE NEWSWIRE) -- Top Draw Animation (TDA), a leading source of premium animation production services and a division of Grom Social Enterprises Inc. (NASDAQ: GROM), has secured an additional $528,000 in animation production assignments, it was announced today by Top Draw’s President, Russell Hicks. Recognized throughout the animation and entertainment industry as a go-to studio for its quality and reliable production services, Top Draw produces animated series, movies, specials and short-form content for several leading global and international entertainment providers. The company does not publicly disclose clients or specific projects for competitive reasons and client privilege. Acquired by Grom in 2016, Top Draw serves as a centerpiece of Grom’s offerings, which include safe social media for kids, web filtering utilized in school districts nationwide and original family entertainment through Curiosity Ink Media. The studio, which employs over 400 artists, animation and production executives in Manila, the Philippines, continues its increased output under direction of the company’s two recently-installed leaders – the aforementioned Hicks, who earlier led Nickelodeon’s animation and live action direction, as well as Top ...

  • Posted on Wednesday June 01, 2022
    Grom Social Enterprise Subsidiary Bolsters Global Entertainment Suppliers Through Premium Animation Production ServicesBOCA RATON, Fla., June 01, 2022 (GLOBE NEWSWIRE) -- Top Draw Animation (TDA), a leading source of premium animation production services and a division of Grom Social Enterprises Inc. (NASDAQ: GROM), has secured an additional $950,000 in animation production assignments, it was announced today by Top Draw’s President, Russell Hicks. Top Draw, which produces animated series, movies, specials and short-form content for several leading global and international entertainment providers, has served as a reliable source of premium animation production services for over 20 years. Top Draw, which does not publicly disclose clients or specific projects for competitive reasons and client privilege, continues it streak of new business thanks to the company’s 400+ animation pros. The studio, based in Manila, the Philippines, continues its increased output under direction of the company’s two recently-installed leaders – the aforementioned Hicks, who earlier led Nickelodeon’s animation and live action direction, as well as Top Draw EVP, Jared Wolfson, both of whom assumed their new roles last fall. “Top Draw has built a reputation for providing animation services that entertainment providers can rely on to deliver their content expertly ...

  • Posted on Monday May 23, 2022
    Global Toy Company Cepia Taps Curiosity Ink Media to Serve as Licensing Agent for Hit Toy & Entertainment Franchise, Cats vs Pickles®BOCA RATON, Fla., May 23, 2022 (GLOBE NEWSWIRE) -- Grom Social Enterprises, Inc.’s (NASDAQ: GROM) Curiosity Ink Media – a creator, producer and franchise manager of original multiplatform family entertainment – today announced that the company will partner with Cepia LLC to serve as licensing agent for the hit toy and entertainment franchise, Cats vs Pickles. The Cats vs Pickles brand has established tremendous appeal among global fans with collectible bean-filled toys, popular YouTube animated shorts and a hyper-casual app game. The announcement was made jointly by Cepia LLC Founder and Chief Executive Officer, James Russell Hornsby, and Curiosity Ink Media’s Chief Executive Officer, Jared Wolfson, Chief Content Officer Russell Hicks and Chief Creative Officer, Brent Watts. The licensing partnership builds on the Curiosity-Cepia relationship established in 2021, an alliance to develop Cats vs Pickles into a widely distributed animated series featuring the hilarious cast of characters from the wildly popular Cats vs Pickles product line. In addition to entertainment content, Curiosity Ink Media has also signed on to develop multiple publishing titles, planned for 2022 ...

  • Posted on Tuesday May 17, 2022
    BOCA RATON, Fla., May 17, 2022 (GLOBE NEWSWIRE) -- Curiosity Ink Media – the family entertainment engine for Grom Social Enterprises, Inc. (NASDAQ: GROM) and publishing partner, Dynamite Entertainment, will team up with the United States Postal Service® to introduce a new children’s book series based on a modern-day adaptation of MR. ZIP™, the iconic 1960’s cartoon figure initially used by the U.S. Post Office Department to help introduce and promote ZIP Code™ use. The announcement was made jointly today by Curiosity Ink Media’s EVP & Publisher, Jon Rosenberg, Dynamite CEO and Publisher, Nick Barrucci and Christopher Karpenko, Executive Director, Brand Marketing, United States Postal Service. In celebration of the 60th anniversary of the ZIP Code’s launch, the MR. ZIP series will hit bookshelves everywhere in Fall, 2023 and feature non-fiction, novelty, picture books and activity book formats for preschool, as well as middle grade readers. No longer one-dimensional, MR. ZIP will now oversee more than just the delivery of flat letters and packages. He expands his purview to include advanced mail systems that underscore STEM skills such as coding and computational mathematics. His original role in educating Americans about ZIP Codes also offers ancillary opportunities for developing ...

  • Posted on Thursday April 21, 2022
    BOCA RATON, FL, April 21, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire –Grom Social Enterprises, Inc.’s  (NASDAQ: GROM) wholly-owned Manila, Philippines subsidiary, Top Draw Animation, has secured approximately $1,500,000 in new animation production business, as was announced today by Top Draw’s President, Russell Hicks. Top Draw has been a reliable source of premium animation production services, including animated series, movies, specials and short-form content, for several global entertainment providers for over 20 years.  The latest production work, from whom Top Draw does not disclose due to competitive reasons and client privilege, comes on the heels of other new assignments that the company expressed in announcements made earlier this year. The studio employees over 400 animation professionals and continues its increased output as pandemic concerns ease and under direction of the company’s new leadership – the aforementioned Hicks, who earlier in his career led Nickelodeon’s animation and live action direction, as well as Executive Vice President, Jared Wolfson, both of whom assumed their new roles last fall.  “More and more, programmers are turning to Top Draw to ensure their content is executed by professionals dedicated to delivering the best possible animation,” explains Hicks. “From ...

  • Posted on Wednesday February 02, 2022
    BOCA RATON FL, Feb. 02, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) today announced its wholly-owned subsidiary, Top-Draw Animation (TDA), has executed an agreement with an international programming supplier that will generate an additional $950,000 in business. The work, announced today by Top Draw’s President, Russell Hicks, will further bolster animation production to TDA’s bustling studio in Manila, the Philippines, where it produces animated series, movies, specials and short-form content on behalf of major international programming suppliers, studios and networks.  Recognized throughout entertainment communities for its premium production services, Top Draw has produced animated content for over 20 years and was acquired by Grom in 2016. Top Draw serves as a centerpiece of Grom’s offerings, which also includes safe social media for kids, web filtering utilized in school districts nationwide and original family entertainment through Curiosity Ink Media. In 2021, Top Draw welcomed new leadership with the addition of Hicks and Jared Wolfson, the studio’s Executive Vice President.  “More and more, programmers rely on Top Draw to produce their premium animated programming,” explains Hicks. “Our entire team came into 2022 energized to deliver even more one-of-a-kind animation content ...

  • Posted on Wednesday January 19, 2022
     Original Entertainment Franchise About Team of Failed Superheroes Who Pivot Will Debut in Graphic Novel Series Boca Raton, FL, Jan. 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Curiosity Ink Media – the family entertainment engine for Grom Social Enterprises, Inc. (NASDAQ: GROM) today unveiled The Legion of Forgettable Supervillains, an original intellectual property (IP) franchise which will debut as a graphic novel in partnership with publisher, Dynamite Entertainment.  Slated for release in 2022, The Legion of Forgettable Supervillains centers around a group of failed superheroes who inadvertently find greater success and acclaim in villainy. Publishing will serve as a launch point for future brand extension opportunities including a recurring TV series, feature films, consumer products and global merchandising and cobranding opportunities. The franchise debut was announced today by Curiosity Ink Media’s Chief Content Officer, Russell Hicks. The Legion of Forgettable Supervillains centers around Ben Mondo and his rag tag group of friends, all of whom aspire to be superheroes and each with an abysmal track record of heroic feats. Frustrated in his career, Ben is ready to hang up his cape. However, after stumbling upon a bank heist, he is mistakenly ...

  • Posted on Thursday December 09, 2021
     Grom’s Storytelling Division Bolsters IP Offerings with Musical Comedy Series BOCA RATON, FL, Dec. 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- YouTube sensation Honoka Katayama will bring her celebrated blend of ukulele music, positive messages, and Hawaiian spirit to preschoolers everywhere in Aloha Hoku, a new animated musical series currently in development with Curiosity Ink Media, a division of Grom Social Enterprises, Inc. (NASDAQ: GROM). The original intellectual property (IP) franchise centers on Hoku, a dynamic Hawaiian girl and the adventures she embarks on with her magical ukulele. The series, which has been developed with co-creators Dustin Ellis, Jody Kamisato and Honoka Katayama, was announced today by Russell Hicks, Curiosity Ink Media’s Chief Content Officer. Aloha Hoku is filled with the music and magic of Aloha, a world in which animals talk, ocean waves have personalities and mountains express human emotions. In each new installment, 8-year-old Hoku embarks on a new adventure with both human and animal friends and resolves challenges through song and the help of her magical ukulele. Like a magic wand, Hoku is able to manipulate the physical world around her by harmonizing with ...

  • Posted on Wednesday December 01, 2021
     Animation Production Supplier for Global Entertainment Brands Bolsters Output and Leverages New Leadership Team BOCA RATON, FL, Dec. 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc.’s (NASDAQ: GROM) wholly-owned subsidiary, Top Draw Animation (TDA), today announced that it has been commissioned for an additional $1.0MM in new animation production work, some of which is already underway at its sprawling studio in Manila, the Philippines. The animated projects, none of which have been previously disclosed, are on behalf of global entertainment providers and represent the earliest production work to be fulfilled end-to-end under TDA’s leadership duo of Russell Hicks and Jared Wolfson, the studio’s newly installed President and Executive Vice President, respectively. Due to confidentiality, Top Draw has not disclosed the commissioned series or clients. “Top Draw is proud to continue its legacy of truly being a world-class animation production leader,” said Hicks.  “Bringing detailed attention to every frame of production sets Top Draw apart as our clients increasingly rely on animated content to round out their programming slates and offer viewers rich storytelling through visually stunning animation.” Recognized for premium animation production services, Top Draw produces animated series, movies, ...

  • Posted on Thursday October 21, 2021
    Boca Raton, FL, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM) ("Grom" or the "Company"), the emerging social media and family entertainment company, today announced an increase to the total amount of its previously announced private placement of convertible notes and warrants.  On September 14, 2021, L1 Capital Global Opportunities Master Fund (“L1 Capital”) purchased from the Company (i) a convertible note in the principal amount of $4,400,000, with a 10% original issuance discount, an 18-month maturity, and a conversion price of $4.20 per share, subject to adjustment, and (ii) warrants to purchase 813,278 shares of common stock, with an exercise price of $4.20 per share, subject to adjustment. The transaction documents for the private placement anticipated a second investment by L1 Capital in the amount of $1,500,000, subject to certain conditions. As of October 20, 2021, the amount for the proposed second investment has been increased to up to $6,000,000 for total gross proceeds to the Company of $10,400,000, subject to certain conditions being met.  The second closing is subject to the Company obtaining shareholder approval, as required by Nasdaq’s rules, among other things. The Company intends to use the net ...

  • Posted on Thursday October 07, 2021
     Premium Supplier of Animation Production for Global Entertainment Brands Bolsters Output and Leverages New Leadership Team BOCA RATON, FL, Oct. 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM), today announced that its wholly-owned subsidiary, Top Draw Animation (TDA), has commenced production on approximately $1.0 million in new projects through its sprawling studio in Manila, the Philippines. The assignments, two recurring episodic animated TV series, bolster the studio’s output and leverage the expertise of Top Draw’s animation professionals as well as Russell Hicks and Jared Wolfson, the studio’s newly installed President and Executive Vice President, respectively. Due to confidentiality, Top Draw did not disclose either the series or the commissioning client. Recognized throughout the animation and entertainment communities for premium production services, Top Draw produces animated series, movies, specials and short-form content on behalf of several leading global entertainment providers. The company was acquired by Grom in 2016 and serves as a centerpiece of Grom’s offerings, which include safe social media for kids, web filtering utilized in school districts nationwide and original family entertainment through Curiosity Ink Media. Founded by Hicks and advertising executive Brent Watts ...

  • Posted on Tuesday October 05, 2021
     Slated to Debut as a Graphic Novel in 2022, Franchise Plans Include Global Distribution, Original Series, Publishing and Consumer Products Boca Raton, FL, Oct. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc’s (NASDAQ: GROM) Curiosity Ink Media – an emerging pipeline for original multiplatform family entertainment – today announced that it is in development on The Pirate Princess, a new, original intellectual property (IP) franchise slated for global theatrical distribution. The Pirate Princess will debut in Fall 2022 as an original graphic novel and serve as a springboard for the film and other future ancillary opportunities including publishing, a recurring series and consumer products. The announcement was made by Russell Hicks, Curiosity Ink Media’s Chief Content Officer. Curiosity Ink Media, which was recently acquired by Grom, is quickly making its mark in original family entertainment that will be expressed in a variety of content offerings. Earlier this summer the company announced that it has begun production on Baldwin’s Big Adventure, a new preschool franchise and has been tapped to develop the hit YouTube shorts Cats vs. Pickles into a recurring animated series. Additionally, Curiosity also announced a multi-title ...

  • Posted on Wednesday September 15, 2021
    Boca Raton, FL, Sept. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM) ("Grom" or the "Company"), the emerging social media and family entertainment company, today announced the closing of a $4.4 million private placement. The Investment is in the form of a 10% Original Issue Discount convertible note in the principal amount of $4,400,000 that has an 18-month maturity and a fixed conversion price of $4.20 per share of common stock, subject to adjustment, and warrants to purchase 813,278 shares of common stock with an exercise price of $4.20 per share, subject to adjustment. GROM is required to make monthly payments in either cash or shares, commencing 75 days after closing. GROM has agreed to file a registration statement registering for resale the shares of common stock issuable upon conversion of the note and upon exercise of the warrants on or before October 19, 2021. The warrants are not exercisable until the Company’s shareholders approve the issuance of the warrants and will be exercisable for five years after such approval. The Company intends to use the net proceeds from the private placement for working capital, joint ventures, possible acquisitions, partnerships, and general corporate purposes. ...

  • Posted on Wednesday September 08, 2021
    BOCA RATON, FL, Sept. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM), a company dedicated to social media for kids, animation production services, and original entertainment for the whole family, today announced the appointment of veteran entertainment and media marketing executive Jared Wolfson to its executive ranks. Wolfson’s appointment was announced by Darren Marks, Grom’s Chairman and Chief Executive Officer. A winning business development executive and marketing specialist for more than 20 years, Wolfson has built and managed numerous successful franchise properties, architected and driven multi-media marketing plans and initiatives powering record sales revenues and led development, production, and operational activities for studios, amassing hundreds of half-hours of kids & family entertainment content, in various formats and mediums.  Wolfson joins Grom’s executive team as the Chief Executive Officer for Curiosity Ink Media and Executive Vice President for Top Draw Animation. As CEO of Curiosity, a global media company that develops, acquires, and maximizes the commercial potential of intellectual properties in the Kids & Family entertainment space, Wolfson will be responsible for leading key initiatives including partnerships and deal structure, operations, finance, and driving corporate vision and culture.  For Top Draw, Grom’s award-winning, Manila-based animation studio, Wolfson will spearhead ...

  • Posted on Monday August 23, 2021
    Capping 40+ Year Career in Animation -- Including More than Two Decades as Managing Director for Top Draw -- Dearing Plans to Retire in 2022 Hicks to Lead Top Draw and Continue to Oversee Original IP for Curiosity Ink Media, Grom’s Newest Acquisition and Original Content Division Boca Raton, FL, Aug. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM), the emerging social media and family entertainment company, today announced that Wayne Dearing, whose legendary career in animation spans more than four decades – including 22 years since founding and serving as Managing Director of Grom’s Top Draw Animation division – will retire in 2022. To meet the growing animation needs of Top Draw’s roster of global entertainment customers, Grom will install former Nickelodeon President of Content Development and Production, Russell Hicks, to oversee Top Draw in addition to serving as Chief Content Officer for Curiosity Ink Media, the original storytelling entertainment company Hicks founded in 2016 and Grom’s newest division. The executive announcements were unveiled today by Grom CEO, Darren Marks, who also confirmed that Grom Social Enterprises, Inc. has officially completed the acquisition of Curiosity Ink Media. The transition of Top Draw ...

  • Posted on Wednesday August 18, 2021
    BOCA RATON, FL, Aug. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM), the social media and entertainment company for kids and families (www.gromsocial.com), today announced veteran digital marketing executive, Pete Jacobs, has been enlisted to bring his e-commerce and digital marketing expertise as a consultant to the company’s planned November debut of Santa.com, Grom’s new digital holiday entertainment and shopping hub. The selection of Jacobs was announced today by Darren Marks, Chairman & CEO, Grom Social Enterprises, Inc.  Jacobs currently lends his expertise at MELT Method, where he’s leading the digital transformation for the self-care content brand.  Previously, he led the marketing team to success at www.digitaltrends.com-- the editorial and e-commerce site devoted to consumer products and emerging tech -- as well as the company’s two sibling publications, which collectively serve more than 125MM unique visitors per month. An entrepreneurial consumer marketing expert known for developing creative, high-impact digital content strategies, Jacobs will team up with Grom to drive content for the site, heighten awareness among consumers, and play a central role in affiliate e-tail partner relations.  In his role as consultant to Santa.com, Jacobs will help craft the overall user experience (UX) for the site, ...

  • Posted on Thursday July 29, 2021
    Curiosity Executive Brent Watts to Join Grom in Key Leadership Role to Guide Growth, Strategy and Revenue Opportunities BOCA RATON, FL, July 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom” or the “Company”) today announced it has entered into a definitive purchase agreement to acquire 80% of the equity and control of Curiosity Ink Media LLC (“Curiosity” or “CIM”) – a producer and developer of original kids and family content – which is expected to complement the Company’s existing offerings of brand-safe social media for kids, animation production and web filtering solutions. Upon completion of the acquisition, Grom will retain one of the key architects of Curiosity’s early success, Brent Watts, in his current role as Chief Creative Officer, where he will continue to cultivate storytelling IP for Curiosity and provide visual design acumen for the studio. The announcement was made by Darren Marks, Grom’s Chairman and Chief Executive Officer. Closing of the purchase transaction is subject to certain regulatory and other customary closing conditions, and is expected to take place in mid-August 2021. The acquisition will bring Curiosity’s original IP catalog to the Company’s portfolio of assets, with Watts helping ...

  • Posted on Monday July 19, 2021
    BOCA RATON, FL, July 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”), a social media platform and original content provider for children under the age of 13, is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, July 21, 2021  The next Emerging Growth Conference is presenting on Wednesday, July 21, 2021. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s CEO Darren Marks and Grom Social’s President, Paul Ward in real time.  Mr. Marks and Mr. Ward will perform a presentation and may subsequently open the floor for questions. Please ask your questions during the event and Mr. Marks and Mr. Ward will do their best to get through as many of them as possible.  Grom Social Enterprises will be presenting at 2:30/PM Eastern time for 30 minutes.  Please register here to ensure you are able to attend the conference and receive any updates that are released.  https://goto.webcasts.com/starthere.jsp?ei=1479677&tp_key=2d44faef25&sti=grom If attendees are not able to join the event live on the day of the ...

  • Posted on Thursday July 15, 2021
    BOCA RATON, July 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”), a social media platform and original content provider for children under the age of 13, today announced that the underwriters of its previously completed public offering have exercised the remainder of their over-allotment option to purchase an additional 361,445 shares. The 45-day over-allotment option was granted in connection with the Company’s previously announced underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit.  After giving effect to the full exercise of the over-allotment option, the total number of units sold by the Company in the offering increased to 2,711,084 units, resulting in aggregate gross proceeds of approximately $11.5 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit issued in the offering was comprised of one share of common stock and one warrant to purchase one share of common stock. Each warrant is exercisable for one share of common stock at an exercise price of $4.565 per share and will expire five years from issuance. EF Hutton, division of Benchmark Investments, LLC, acted as sole book-running manager and Revere ...

  • Posted on Monday June 21, 2021
    BOCA RATON, June 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”), a social media platform and original content provider for children under the age of 13, today announced the closing of its previously announced underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit for aggregate gross proceeds of approximately $10.0 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit issued in the offering was comprised of one share of common stock and one warrant to purchase one share of common stock. Each warrant is exercisable for one share of common stock at an exercise price of $4.565 per share and will expire five years from issuance. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 361,445 shares of common stock and/or warrants to purchase up to 361,445 shares of common stock at the public offering price less the underwriting discounts and commissions. The common stock and warrants began trading on the Nasdaq on June 17, 2021 under the symbols “GROM” and “GROMW”, respectively. EF Hutton, division of Benchmark Investments, ...

  • Posted on Friday June 18, 2021
    Slate of Projects from Global Entertainment Brands Entrust Top Draw Animation with their Most Iconic and Beloved Intellectual Properties Boca Raton, FL, June 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM), the emerging entertainment and social media company for kids and families, today announced that its wholly-owned subsidiary, Top Draw Animation, is ramping up production at its state-of-the-art animation studio in the Philippines to address the growing demand for the animated content it produces on behalf of several leading global entertainment companies. Additionally, as the entertainment industry reopens and the global pandemic slows, Top Draw has reinstated its animators training program – suspended during the crisis – to cultivate the next generation of animation pros and meet the increase in animation production. Top Draw Animation is a centerpiece of Grom Social Enterprises, Inc., which also operates: Grom Social, a safe social media app for kids under 13; Grom Educational, a supplier of web filtering solutions; and Curiosity Ink Media, a producer and developer of original kid-friendly content, which Grom recently entered into an agreement to acquire. Top Draw Animation continues its upward climb after its parent company posted Q-1 revenues ...

  • Posted on Wednesday June 16, 2021
    BOCA RATON, June 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”) a social media platform and original content provider for children under the age of 13, today announced the pricing of an underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit for aggregate gross proceeds of approximately $10.0 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit is comprised of one share of common stock and one warrant to purchase one share of common stock. Each warrant is exercisable for one share of common stock at an exercise price of $4.565 per share and will expire five years from issuance. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 361,445 shares of common stock and/or warrants to purchase up to 361,445 shares of common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or around June 21, 2021, subject to satisfaction of customary closing conditions.  In connection with the offering, the Company has received approval ...

  • Posted on Monday May 03, 2021
    Youngest Surfer Ever to Qualify for the WSL Women’s Championship Tour Packing Her Board and Inviting Grom Followers to Experience the Teamwork, Thrill and Dedication as Member of Very First US Olympic Women’s Surf Team  BOCA RATON, FL, May 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social’s star influencer -- 19-year-old Caroline Marks of Melbourne Beach, Florida -- is giving Grom users a beachfront pass to experience the thrill of Olympic competition. Caroline will vie for the gold medal as a member of the very first US Women’s Surf team heading to the Olympics in Tokyo this summer. In the weeks leading up to the competition (Jul 23 – Aug. 1), Marks will chronicle her journey into Olympic waters and showcase her preparation, exercise regimen and offer surfing tips as well as creating original content that underscores what life is like for athletes at the Olympics. In turn, Grom Social, an emerging social app for kids under 13 years of age, will cheer Marks on with specially themed Caroline Marks and surfing-themed content kids can share on social as she competes in the Olympics and other international competitions throughout Australia, Mexico and California.  “It’s an incredible honor ...

  • Posted on Wednesday April 07, 2021
    Nickelodeon Veterans Russell Hicks and Paul Ward Join Grom in Key Leadership Roles BOCA RATON, April 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (OTCQB: GRMM) (“Grom” or the “Company”), today announced it has entered into a binding letter of intent to acquire kids and family entertainment company, Curiosity Ink Media, LLC (“Curiosity”) – a producer and developer of original kid-friendly content – to complement the Company’s existing offerings of brand-safe social media for kids, animation production and web filtering for schools, government agencies and private businesses. Additionally, Grom appointed two former Nickelodeon executives – Curiosity’s President Russell Hicks and Paul Ward -- to lead the Company’s animation, social media and educational divisions. An emerging platform and content provider of entertainment for kids under 13 years old, the Company’s subsidiary, Grom Social, Inc. (“Grom Social”), provides a secure social media venue for kids that is monitored around the clock and invites parents and guardians to play an active role in a child’s social media activities. The announcements were made by Darren Marks, Grom’s Chairman and Chief Executive Officer. The Company believes that the addition of Curiosity would enable Grom to ...