 NEW YORK, Feb. 24, 2021 GLOBE NEWSWIRE -- Univest Securities, LLC, a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an underwritten public offering of an aggregate of 3,810,976 ordinary shares of the Company, together with warrants to purchase 3,810,976 ordinary shares of the Company, at a public offering price of 3.28 per share and associated warrant by its client Glory Star New Media Group Holdings Limited the Company or Glory Star NASDAQ: GSMG, a leading mobile and online digital media and entertainment company in China. After deducting underwriting discounts and commissions and other estimated offering expenses, the net proceeds of the public offering were approximately 11.3 million. 