Magic Empire Global Limited Announced Closing of Initial Public Offering
August 10 2022 - 12:13AM
Magic Empire Global Limited (Nasdaq: MEGL) (the “Company” or “Magic
Empire”), a financial services provider in Hong Kong which
principally engage in the provision of corporate finance advisory
services and underwriting services, today announced the closing of
its initial public offering (the “Offering”) of 5,000,000 ordinary
shares at a price of $4.00 per share.
The aggregate gross proceeds from the Offering
were $20 million, before deducting underwriting discounts and other
related expenses. The ordinary shares began trading on The Nasdaq
Capital Market on August 5, 2022 under the ticker symbol
“MEGL.”
The Offering was conducted on a firm commitment
basis. Network 1 Financial Securities, Inc. acted as sole book
runner and lead underwriter for the Offering.
A registration statement on Form F-1 relating to
the Offering has been filed with the U.S. Securities and Exchange
Commission (“SEC”) (File Number: 333-264575) and was declared
effective by the SEC on August 4, 2022. The Offering was made only
by means of a final prospectus. A final prospectus relating to the
Offering was filed with the SEC on August 5, 2022, which may be
obtained from Network 1 Financial Securities, Inc., 2 Bridge
Avenue, Suite 241, Red Bank, NJ 07701, Attention: Adam Pasholk by
email at adampasholk@netw1.com or Karen (Huiyun) Mu, by email at
kmu@netw1.com, or by calling +1 (800)-886-7007. In addition, a copy
of the final prospectus relating to the Offering may be obtained
via the SEC's website at www.sec.gov.
This press release shall not constitute an offer
to sell, or the solicitation of an offer to buy any of the
Company’s securities, nor shall there be any offer, solicitation or
sale of any of the Company’s securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.
About Magic Empire Global Limited
Magic Empire Global Limited is a financial
services provider in Hong Kong which principally engage in the
provision of corporate finance advisory services and underwriting
services. Its service offerings mainly comprise (i) IPO sponsorship
services; (ii) financial advisory and independent financial
advisory services; (iii) compliance advisory services; and (iv)
underwriting services. For more information, visit the Company’s
website at http://www.meglmagic.com/.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“potential,” “continue” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC, which are available for review at
www.sec.gov.
For more information, please contact:
Magic Empire Global Limited
Phone: +852 3577 8770
Email: info@giraffecap.com
Magic Empire Global (NASDAQ:MEGL)
Historical Stock Chart
From Sep 2024 to Oct 2024
Magic Empire Global (NASDAQ:MEGL)
Historical Stock Chart
From Oct 2023 to Oct 2024