Chaince Securities to Serve as Exclusive Sales Agent for Magic Empire Global's US$100 Million At-the-Market Offering

GlobeNewswire··HKUSVG·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Chaince Securities, LLC has been engaged as the exclusive sales agent for Magic Empire Global Limited's at-the-market equity offering program of up to US$100 million in Class A ordinary shares. The engagement is made under an At-the-Market Offering Agreement dated September 30, 2026, under which Magic Empire Global, a British Virgin Islands-incorporated holding company operating in Hong Kong through subsidiaries as a corporate finance advisory services provider, may sell shares from time to time through Chaince as sales agent. Sales, if any, may be made by any method permitted by law deemed to be an at-the-market offering under Rule 415(a)(4) of the Securities Act of 1933, including directly on the Nasdaq Capital Market, at prevailing market prices and subject to minimum price and other execution parameters set by the company. Chaince will not purchase shares as principal, there is no minimum offering amount, and the company is not obligated to sell any shares under the agreement. Magic Empire Global intends to use any net proceeds for working capital and general corporate purposes, with the shares offered under an effective shelf registration statement on Form F-3 initially filed with the SEC on September 8, 2026, and declared effective on September 17, 2026, plus a prospectus supplement dated September 30, 2026.

Impact on assets 3

Financials▲ · 1 stocks
Magic Empire Global Limited
MEGL
± MixedCapitalrelevance

Magic Empire launches an up-to-$100M at-the-market equity offering, which raises capital but dilutes existing shareholders.

Information Technology▲ · 1 stocks
Chaince Digital Holdings Inc.
CD
▲ PositiveCapitalrelevance

Chaince Securities engaged as exclusive sales agent for Magic Empire's up-to-$100M at-the-market offering, a new financing mandate.

Others▲ · 1 stocks
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