Company: MEGL
Filing Date: 2025-05-09
Form Type: F-1
Source: 0001641172-25-009448
Chunk: 153

Company: Magic Empire Global Ltd
Filing Date: 2025-05-09
Form: F-1
Chunk 153
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 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 assumed 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 assumed offering price of $[ ] 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 $[ ] million from this offering, based on an offering price of $[ ] 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