Financing ·
Masonglory raises $1M via private placement of shares at $1.50 to fund acquisitions
MSGYMasonglory Ltd
Masonglory Limited entered into a securities purchase agreement on September 25, 2026, to raise approximately US$1.0 million through the private placement of 667,000 Class A ordinary shares at US$1.50 per share. Investors also received Series A and B warrants exercisable for up to 166,750 shares each at exercise prices of US$1.30 and US$1.10, respectively. The company intends to use the net proceeds to fund further acquisitions of equity interests in Beta Beteiligungs und Besitz GmbH, an Austrian construction materials distributor, following a prior agreement to acquire a 20% stake. Masonglory Limited operates as a subcontractor providing wet trades services and ancillary construction works in Hong Kong.