Magic Empire Global closes $3 million offering of 2,678,572 units
MEGL•Magic Empire Global closed a registered direct offering of 2,678,572 units priced at $1.12 each, for gross proceeds of about $3 million before any warrant exercises.
1. Offering details
Each unit includes one Class A ordinary share and one warrant exercisable at $1.12 for one year from issuance. Net proceeds are earmarked for working capital and general corporate purposes. Chaince Securities served as sole placement agent.
