Magic Empire Global Ltd (MEGL) Form 424B5 — Sep 30, 2026
Magic Empire Global filed a 424B5 prospectus supplement on September 30, 2026 establishing a $100,000,000 at-the-market offering of Class A Ordinary Shares through Chaince Securities, with shares last trading at $1.12 on Nasdaq. At the assumed $1.12 price, full utilization would issue roughly 89.3 million shares versus 66.7 million currently outstanding, with new investors facing immediate dilution of about $0.31 per share after pro forma adjustments cut net tangible book value from $3.83 to $0.81 per share.
Key figures
- Gross Proceeds
- 100000000
- Offering Price
- 1.12
- Shares Offered
- up to 89,285,714 Class A Ordinary Shares (at assumed $1.12/share)
- Shares Outstanding
- 66,742,622 Class A Ordinary Shares (as of September 30, 2026)
- Commission
- 3.5% of gross sales price
- Expense Allowance
- 1.0% of gross sales price
- Offering Expenses
- approximately $110,000
- Class BVoting Power
- approximately 59.97% held via 1,000,000 Class B shares
- Warrants Outstanding
- 24,107,148 shares issuable upon exercise of outstanding warrants
- Immediate Dilution Per Share
- $0.31 to new investors
- Net Tangible Book Value Per Share
- $3.83 historical / $0.81 pro forma as adjusted
AI analysis
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