Company: MEGL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001641172-25-014301
Chunk: 154

Company: Magic Empire Global Ltd
Filing Date: 2025-06-09
Form: F-1/A
Chunk 154
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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 assumed 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 an assumed 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 be able to implement our future business plans.

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Electronic Distribution

A prospectus in electronic format may be made available on a website maintained by the Placement Agents. In connection with the offering, the Placement Agents or selected dealers may distribute prospectuses electronically. No forms of electronic prospectus other than prospectuses that are printable as Adobe® PDF will be used in connection with this offering.

Other than the prospectus in electronic format, the information on the Placement Agent’s website and any information contained in any other website maintained by the Placement Agents is not part of the prospectus or the registration statement of which this prospectus forms a part, has not been approved and/or endorsed by us or the Placement Agents in its capacity as placement agent and should not be relied upon by investors.

Certain relationships

The Placement Agent and their affiliates may in the future provide, from time to time, investment banking and financial advisory services to us in the ordinary course of business, for which they may receive customary fees and commissions.

Transfer Agent and Registrar

The transfer agent and registrar for the Class A ordinary shares is VStock Transfer, LLC. The transfer agent and registrar’s address is 18 Lafayette Place, Woodmere, NY 11598.

Selling Restrictions

No action has been taken in any jurisdiction (except in the United States) that would permit