Magic Empire Global announced on Monday that it priced a registered direct offering of 2.68 million units at $1.12 each, with each unit consisting of one Class A share and one warrant. The warrants carry a $1.12 exercise price, are exercisable for one year, and can allow up to 9 shares via an alternative cashless exercise. The offering is expected to raise $3 million in gross proceeds, which the company will use for working capital and general corporate purposes. The deal is expected to close around September 29, 2026. Shares traded about 2% lower at roughly $1.10 after hours.
Magic Empire Global LimitedMagic Empire Global priced a $3M registered direct offering at $1.12/unit, a dilutive financing that pushed shares ~2% lower after hours.
