Mobile Global Esports, Inc Stock Price, News & Analysis

WestPark Capital announced the closure of a private placement for Mobile Global Esports Inc. (NASDAQ:MGAM), involving unregistered shares and warrants. The funds will be used to develop championship esports events and enhance their gaming platform in India. The offering was conducted under Regulation D, exclusively for accredited investors. The shares and warrants sold are not registered under the Securities Act, limiting their sale in the U.S. without appropriate exemptions.

Mobile Global Esports Inc. (NASDAQ:MGAM) announced the closing of a private placement, raising approximately $5.0 million from the sale of 1,886,793 shares and associated warrants at a price of $2.65 per share. The company plans to utilize these proceeds to advance its championship esports events and game platform in India. The warrants have an exercise price of $2.90 and expire in five years. Mobile Global Esports is focused on expanding its presence in the growing esports market of India.

Mobile Global Esports Inc. (NASDAQ:MGAM) announced a securities purchase agreement with an institutional investor for the sale of 1,886,793 shares and warrants at a price of $2.65 per share. The private placement, expected to close around September 23, 2022, will generate approximately $5.0 million in gross proceeds. The funds will be utilized to develop championship esports events in India and enhance its gaming platform. WestPark Capital is the exclusive placement agent for the offering.

Mobile Global Esports Inc. (NASDAQ:MGAM) announced its CEO, David Pross, will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in NYC. The live stream is scheduled for September 13 at 11:30 AM. In the past 18 months, over 1,200 teams participated in 27 MOGO esports tournaments in India. MOGO also launched the 'Millionaire Squad Challenge,' offering one million rupees to the winning university team and a $500,000 prize pool for an esports game development competition.

Mobile Global Esports (MOGO) has partnered with Artemis Ave LLC to launch a custom gaming platform aimed at the Indian university esports market. This initiative features ZuCasa's video 'Casas' technology, enabling users to enjoy HD video and audio in private suites during gaming and watching events. The partnership targets a share of the projected $1.2 billion in-game ad revenue. MOGO's tournament schedule includes over 200 universities participating in 70 tournaments for the 2022/2023 academic year.

Mobile Global Esports Inc. (NASDAQ:MGAM) announced its 2022/2023 collegiate esports tournament season, expecting over 200 universities to participate in 70 tournaments across 10 games. CEO David Pross reported significant growth, with 1,297 teams participating in 27 tournaments in the past 18 months. The 'Millionaire Squad Challenge' offers a chance for the winning team to earn a million rupees and turn professional. Proceeds from MOGO's recent IPO are allocated to support esports tournaments and a game development competition in India with a $500,000 prize pool.

WestPark Capital, Inc. announced the closing of an Initial Public Offering (IPO) for Mobile Global Esports Inc. (NASDAQ:MGAM), successfully issuing 1,500,000 common shares at $4.00 per share, with an over-allotment option exercised for 225,000 additional shares, totaling $6,900,000 in gross proceeds. The company specializes in mobile esports and possesses proprietary technology for esports competitions and trademark rights for collegiate events in India. WestPark Capital served as the Sole Book-Runner and Underwriter.

Mobile Global Esports Inc. (NASDAQ:MGAM) announced the closing of its Initial Public Offering (IPO) of 1,500,000 common shares at a public offering price of $4.00 per share, coupled with the full exercise of an over-allotment option for an additional 225,000 shares. This results in total gross proceeds of $6.9 million before expenses. The offering was underwritten by WestPark Capital, Inc. The company focuses on expanding its esports business, particularly in India and South Asia.

Mobile Global Esports (MGAM) announced the pricing of its initial public offering (IPO) on July 28, 2022. The company is offering 1,500,000 shares at $4.00 each, aiming for gross proceeds of about $6.0 million before expenses. Additionally, underwriters have the option to purchase 225,000 shares within 30 days. Trading is set to begin on July 29, 2022, with an expected close by August 2, 2022, pending customary closing conditions. The offering is underwritten by WestPark Capital, Inc. The IPO highlights MOGO's focus on expanding its esports business, particularly in India's growing market.