Magic Empire Global Limited Announces Closing of a US$3 Million Registered Direct Offering
Magic Empire Global closed a US$3 million registered direct offering of 2,678,572 units priced at US$1.12 per unit, each unit consisting of one Class A ordinary share plus a one-year warrant at US$1.12. Each warrant allows an alternative cashless exercise for up to nine Class A ordinary shares at a zero exercise price, creating significant potential dilution beyond the headline share count.
Key figures
- Deal Value Usd
- 3000000
- Offering Price
- 1.12
- Shares Offered
- 2678572
- Warrant term
- one year from issuance
- Warrant exercise price
- 1.12
- Cashless exercise option
- up to nine Class A Ordinary Shares per warrant at zero exercise price
AI analysis
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