Magic Empire Global prices US$ 5 million share sale at US$ 0.25 per share under Regulation S
MEGL•Closing conditions and use of proceeds
Closing is set for a later date, subject to Nasdaq notifications, regulator processes, and any waiting periods.
The company said proceeds will be used for working capital and general corporate purposes.
Regulation S private placement priced at US$0.25 a share
Magic Empire Global signed a securities purchase agreement dated July 20, 2026 for a Regulation S private placement of Class A ordinary shares.
Gross proceeds are set at USD 5 million through the sale of 20,000,000 shares priced at USD 0.25 each.
The issue price equals 21.46% of the prior trading day’s closing price.
