Recent Updates — MEGL
On September 30, 2026, Magic Empire Global Limited entered into an At-the-Market Offering Agreement with Chaince Securities, LLC. The agreement allows the company to offer and sell up to U.S.$100,000,000 of its Class A ordinary shares from time to time through the agent. The manager receives a 3.5% agency fee and a 1.0% expense allowance on gross sales price. Net proceeds are intended for working capital and general corporate purposes. Magic Empire Global Limited operates in the investment holding industry.
Magic Empire Global Limited closed a registered direct offering on September 30, 2026, selling 2,678,572 units at $1.12 per unit to raise approximately US$3 million in gross proceeds. Each unit comprises one Class A ordinary share and one warrant exercisable for one additional share at an exercise price of $1.12 until the one-year anniversary of issuance. Chaince Securities, LLC served as sole placement agent, receiving a 7.0% commission. The company intends to use net proceeds for working capital and general corporate purposes. Magic Empire Global Limited is a financial services provider in Hong Kong that principally engages in the provision of corporate finance advisory services.
On August 25, 2026, Magic Empire Global Limited entered into a Securities Purchase Agreement to issue and sell 40,000,000 Class A ordinary shares in a private placement for an aggregate of $6,720,000. The purchase price was set at $0.168 per share, representing a 15% discount to the closing price on the preceding trading day. Proceeds are designated for working capital and general corporate purposes. Magic Empire Global Limited operates in the technology sector.
Magic Empire Global Limited completed a private placement of $5,000,000 in securities on July 20, 2026. The transaction involved the issuance of 20,000,000 Class A ordinary shares at a purchase price of $0.25 per share to certain purchasers under a Securities Purchase Agreement. This equity financing provides capital for the company's operations. Magic Empire Global Limited operates in the gaming and entertainment industry.