Corporate ActionJul 27, 2026, 09:16 AM
Magic Empire Global to Sell $5M in Class A Shares at $0.25/Share
AI Summary
Magic Empire Global Ltd has entered into a Securities Purchase Agreement to sell Class A ordinary shares for an aggregate purchase price of $5,000,000. The shares will be sold at $0.25 per share, which is a significant discount, representing 21.46% of the previous day's closing price. The purchasers are non-U.S. persons, and payment can be made in traditional currency or cryptocurrencies like USDC, USDT, or Bitcoin. The company intends to use the net proceeds for working capital and general corporate purposes.
Key Highlights
- Magic Empire Global to sell Class A ordinary shares for an aggregate purchase price of $5,000,000.
- Shares will be sold at a per share purchase price of $0.25.
- The per share price represents 21.46% of the closing price on the trading day prior to signing.
- Purchasers are non-U.S. persons as defined in Regulation S.
- Payment for shares can be made in USD, USDC/USDT, or Bitcoin (BTC).
- Proceeds will be used for working capital and general corporate purposes.
- Company authorized to issue 280,000,000 Class A ordinary shares.
Price Impact
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