PROSPECTUS

PROSPECTUS

 

GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITED

(incorporated in the Cayman Islands with limited liability)

 

56,810,652

Ordinary Shares

 

Pursuant to this prospectus, the selling shareholders identified herein are offering on a resale basis an aggregate of 56,810,652 ordinary shares. We will not receive any of the proceeds from the sale by the selling shareholders of the ordinary shares.

 

The selling shareholders may sell or otherwise dispose of the ordinary shares covered by this prospectus in a number of different ways and at varying prices. We provide more information about how the selling shareholders may sell or otherwise dispose of the ordinary shares covered by this prospectus in the section entitled “Plan of Distribution” on page 104. Discounts, concessions, commissions and similar selling expenses attributable to the sale of ordinary shares covered by this prospectus will be borne by the selling shareholders. We will pay all expenses (other than discounts, concessions, commissions and similar selling expenses) relating to the registration of the ordinary shares with the Securities and Exchange Commission (“SEC”).

 

Our ordinary shares are listed on the NASDAQ Capital Market under the symbol “GSMG.” On June 21, 2021, the last reported sale price of our ordinary share was $2.62 per share.

 

INVESTING IN OUR SECURITIES INVOLVES RISKS. YOU SHOULD REVIEW CAREFULLY THE RISKS AND UNCERTAINTIES DESCRIBED UNDER THE HEADING “RISK FACTORS” BEGINNING ON PAGE 6 OF THIS PROSPECTUS. YOU SHOULD READ THE ENTIRE PROSPECTUS CAREFULLY BEFORE YOU MAKE YOUR INVESTMENT DECISION.

 

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

  

The date of this prospectus is June 21, 2021.

 


 

 

TABLE OF CONTENTS

 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSii
ABOUT THIS PROSPECTUSiii
PROSPECTUS SUMMARY1
RISK FACTORS6
REGISTRATION RIGHTS AGREEMENTS37
CAPITALIZATION AND INDEBTEDNESS37
USE OF PROCEEDS37
SELECTED FINANCIAL DATA37
OPERATING AND FINANCIAL REVIEW AND PROSPECTS41
BUSINESS55
MANAGEMENT81
MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS89 
DESCRIPTION OF OUR CAPITAL STOCK90
SELLING SHAREHOLDERS101
PLAN OF DISTRIBUTION104
TAXATION105
LEGAL MATTERS110
EXPERTS110
ENFORCEABILITY OF CIVIL LIABILITIES110
WHERE YOU CAN FIND ADDITIONAL INFORMATION112
INDEX TO FINANCIAL STATEMENTSF-1