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Magic Empire Global LtdBullish
Magic Empire Global Ltd has entered into an At-the-Market (ATM) offering agreement with Chaince Securities, LLC to sell up to $100 million of its Class A ordinary shares from time to time. The net proceeds from this offering are intended for working capital and general corporate purposes. The company will pay the sales agent an agency fee of 3.5% and a non-accountable expense allowance of 1.0% of the gross sales price.…more
Magic Empire Global Ltd
Magic Empire Global (MEGL) has entered into an At-the-Market (ATM) offering agreement with Chaince Securities to sell up to $100 million of its Class A ordinary shares from time to time. The proceeds from this offering will be used for general corporate purposes, with the manager receiving a 3.5% sales commission and a 1.0% expense allowance on gross sales.…more
Magic Empire Global Ltd
Magic Empire Global (MEGL) closed a registered direct offering on September 30, 2026, raising approximately US$3 million in gross proceeds. The company issued 2,678,572 units at US$1.12 per unit, with each unit consisting of one Class A ordinary share and one warrant, to be used for working capital and general corporate purposes.…more
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Magic Empire Global Expands into Commodity Trading and Supply Chain Finance…more
Magic Empire Global is shifting to a dual-core business model by expanding into international commodity trading and supply chain finance alongside its existing financial services. As this is a strategic vision announcement without specific financial targets or contract values, the impact remains to be seen.…more
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Magic Empire Global has filed a prospectus supplement for an offering of Class A common shares worth up to $100 million. This large-scale equity offering may lead to shareholder dilution, negatively impacting the stock price.…more
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Magic Empire Global announced the closing of a $3 million registered direct offering. The issuance includes warrants, which may lead to potential share dilution for existing investors.…more
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