 BEIJING, Aug. 26, 2021 PRNewswire -- Glory Star New Media Group Holdings Limited NASDAQ: GSMG Glory Star or the Company, a leading digital media platform and content-driven e-commerce company in China, today announced that it has entered into a subscription agreement with an institutional investor for the sale of up to 2,857,142 ordinary shares of the Company the Ordinary Shares for total gross proceeds of up to approximately 10,000,000 the Offering. Each Ordinary Share will be accompanied by a warrant exercisable to purchase one Ordinary Share at an exercise price of 4.40 per share the Warrant. 