Magic Empire Global Limited Announces Closing of a US$3 Million Registered Direct Offering

Each unit includes a warrant allowing up to nine Class A ordinary shares through an alternative cashless exercise option.

Rhea-AI Summary

Magic Empire Global (MEGL) closed a registered direct offering that raised approximately US$3 million in gross proceeds before commissions and expenses.

The offering comprised 2,678,572 units at US$1.12 each, with each unit containing one Class A ordinary share and one warrant. Each warrant permits purchase of one Class A ordinary share at US$1.12, or up to nine shares through an alternative cashless exercise option at zero exercise price. Warrants are exercisable from issuance through its one-year anniversary. Gross proceeds exclude warrant exercises. The company intends to use net proceeds for working capital and general corporate purposes. Chaince Securities acted as sole placement agent.

1 point · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointApproximately US$3 million in gross proceeds raised through the completed offering, excluding warrant exercises. 53% of market cap

Negative

• Major point2,678,572 units at US$1.12 each issue one Class A ordinary share per unit, diluting existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.Warrants allow one share at US$1.12 or up to nine via zero-price cashless exercise, adding potential dilution.
• Minor pointPlacement agent commissions and other estimated expenses reduce proceeds available to the company.

News Explained

The offering is closed: 2,678,572 Class A shares were issued, reducing existing holders’ percentage ownership; warrants attached to the units could add further shares if exercised, including through the zero-price cashless option.

Argus 15 min delay 2 alerts

+5.19% vs previous close $1.17 last price 1.9x rel. volume Open Argus

Details

Market move: MEGL +5.19% vs previous close. US$3 million registered direct offering

$0.92 – $1.17 Day Range

$5.91M Market Cap

On Sep 30, the day this news came out, the latest delayed price for MEGL is 5.19% above the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $1.17. Relative volume is above average at 1.9x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Units offered: 2,678,572 units Offering price: US$1.12 per Unit Unit securities: 1 Class A ordinary share and 1 warrant per Unit +3 more

Units offered

2,678,572 units

Registered direct offering

Offering price

US$1.12 per Unit

Offering terms

Unit securities

1 Class A ordinary share and 1 warrant per Unit

Offering terms

Cashless exercise

Up to 9 Class A ordinary shares per Warrant

Zero exercise price option

Warrant exercise price

US$1.12 per Class A ordinary share

Warrants exercisable from issuance through the one-year anniversary

Gross proceeds

US$3 million

Before commissions and other estimated expenses; excludes warrant exercises

Previous Offering Reports

1 past event · Latest: Sep 28

Same Type 1 event

1. Sep 28

   Offering pricing

   24h Move

   -0.9%

   Pricing disclosed the same unit, share-warrant, exercise-price and gross-proceeds terms before this closing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registered direct offering, warrant, cashless exercise, form f-3

4 terms

registered direct offering financial

"closing of a registered direct offering"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

warrant financial

"one warrant to purchase one Class A Ordinary Share"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

cashless exercise financial

"pursuant to the alternative cashless exercise"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

form f-3 regulatory

"pursuant to a registration statement on Form F-3"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Hong Kong, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (the “Company”) today announced the closing of a registered direct offering (the “Offering”) of 2,678,572 units (each a “Unit”) at an offering price of US$1.12 per Unit.

Each Unit consists of one Class A ordinary share of the Company, no par value (each, a “Class A Ordinary Share”) and one warrant to purchase one Class A Ordinary Share (or up to nine Class A Ordinary Shares pursuant to the alternative cashless exercise (zero exercise price option) (each, a “Warrant”). Each Warrant has an exercise price of US$1.12 per Class A Ordinary Share and is exercisable beginning on the issuance date and ending on the one-year anniversary of the issuance date.

Gross proceeds to the Company were approximately US$3 million, before deducting placement agent commissions and other estimated expenses payable by the Company, excluding the exercise of any Warrant offered. The Company intends to use the net proceeds from this Offering for working capital and general corporate purposes.

Chaince Securities, LLC acted as the Sole Placement Agent for the Offering.

The securities described above were offered by the Company pursuant to a registration statement on Form F-3 (File No. 333-298796), as amended, previously filed and declared effective by the U.S. Securities and Exchange Commission (the “SEC”). The Offering was made only by means of a prospectus forming part of the effective registration statement. The final prospectus related to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus may be obtained from Chaince Securities, LLC at info@chaincesecurities.com.

About Magic Empire Global Limited

Established in 2016, Magic Empire Global Limited is a financial services provider in Hong Kong which principally engages in the provision of corporate finance advisory services. Its service offerings mainly comprise (i) IPO sponsorship services; (ii) financial advisory and independent financial advisory services; (iii) compliance advisory services; and (iv) corporate services. For more information, please visit the Company’s website at https://www.meglmagic.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

Chaince Securities, LLC
1251 Avenue of the Americas, 41st Floor
New York, NY 10020
www.chaincesecurities.com
info@chaincesecurities.com

Magic Empire Global Limited
Suite 5A, 15/F, Sino Plaza
255-257 Gloucester Road
Causeway Bay, Hong Kong
Main Phone: + 852 2889 8778
www.meglmagic.com
Wangmei@megltech.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Magic Empire Global raise in its registered direct offering?

Magic Empire Global raised approximately US$3 million in gross proceeds by selling 2,678,572 units at US$1.12 per unit. That amount is before placement agent commissions and other estimated expenses and excludes any warrant exercises.

What are the terms of the MEGL offering warrants?

Each warrant permits purchase of one Class A ordinary share at US$1.12, or up to nine Class A ordinary shares through an alternative cashless exercise option at zero exercise price. Warrants are exercisable beginning on issuance and ending on the one-year anniversary of issuance.