Magic Empire Global prices US$ 6.72 million private placement at US$ 0.17 per share
Reuters2026/08/28 13:04- Magic Empire Global signed a securities purchase agreement dated Aug. 25, 2026 for an unregistered sale of Class A ordinary shares.
- Private placement totals USD 6.72 million for 40,000,000 shares priced at USD 0.17 each under Regulation S.
- Price equals 15% of the prior trading day’s closing price for the Class A ordinary shares.
- Closing set for a later date once required Nasdaq notifications are completed, applicable waiting periods expire or are waived.
- Net proceeds earmarked for working capital, general corporate purposes; barred from share redemptions or uses violating FCPA or OFAC rules.
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