Company: MEGL
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001641172-25-016831
Chunk: 153

Company: Magic Empire Global Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 153
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 any of our securities or attempt to induce any person to purchase any of our securities, other than as permitted under the Exchange Act, until it has completed its participation in the distribution.

Determination of Offering Price

The actual offering price of the securities will be negotiated between us, the Placement Agent, and the prospective investors in the offering based on the trading of our Class A ordinary shares prior to the offering, among other things. Other factors considered in determining the public offering price of the securities we are offering, include our history and prospects, the stage of development of our business, our business plans for the future and the extent to which they have been implemented, an assessment of our management, the industry in which we operate, our past and present operating results, the previous experience of our executive officers and the general conditions of the securities markets at the time of the offering and such other factors as were deemed relevant. In particular, we believe that the final offering price ultimately depends on our assessment of investors’ sentiment in our Shares and we consider, weigh and prioritize this factor as the utmost important factor in determining our fixed offering price as well as final offering price.

As of the date of this prospectus, we had 5,064,050 ordinary shares issued and outstanding, comprising 4,064,050 Class A ordinary shares and 1,000,000 Class B ordinary shares and we are offering up to an aggregate of 15,000,000 Class A ordinary shares to potential investors, constituting approximately 296.2% of our existing share capital. Our existing shareholders may suffer significant dilution after completion of this offering.

Although our Shares currently trade at a market price well above the fixed offering price of $[0.54] per Class A ordinary share, the daily trading volume and turnover is insignificant when compared to the number of Class A ordinary shares we are offering to potential investors under this offering. It was therefore essential for us to determine a fixed offering price that matches with our assessment of the investors’ sentiment given the significant number of Class A ordinary shares we are offering as opposed to our current market price which has low correlation to the actual value of our securities given the thin trading volume and turnover. After deducting the estimated Placement Agent’s commissions and estimated offering expenses payable by us, we expect to receive net proceeds of approximately $[7,519,543] from this offering, based on an offering price of $[0.54] per Class A ordinary share, without a strong sentiment from interested investors to complete this offering, we may not