Magic Empire Global Limited Announces Closing of a US$3 Million Registered Direct Offering
Key Highlights
- ➤US$3 million gross proceeds raised in registered direct offering
- ➤2,678,572 units priced at US$1.12 each
- ➤Each unit includes one Class A ordinary share and one warrant
- ➤Warrants carry US$1.12 exercise price and expire one year after issuance
- ➤Net proceeds intended for working capital and general corporate purposes
Hong Kong, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (the “Company”) today announced the closing of a registered direct offering (the “Offering”) of 2,678,572 units (each a “Unit”) at an offering price of US$1.12 per Unit.
Each Unit consists of one Class A ordinary share of the Company, no par value (each, a “Class A Ordinary Share”) and one warrant to purchase one Class A Ordinary Share (or up to nine Class A Ordinary Shares pursuant to the alternative cashless exercise (zero exercise price option) (each, a “Warrant”). Each Warrant has an exercise price of US$1.12 per Class A Ordinary Share and is exercisable beginning on the issuance date and ending on the one-year anniversary of the issuance date.
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