Company: MEGL
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001641172-25-016831
Chunk: 60

Company: Magic Empire Global Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 60
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 may sell fewer than all of the securities offered hereby, which may significantly reduce the amount of proceeds received by us, and investors in this offering will not receive a refund in the event that we do not sell an amount of securities sufficient to fund for our operations as described in the “Use of Proceeds” section herein. Thus, we may not raise the amount of capital we believe is required for our operations in the short-term and even if we raise the maximum offering amount in this public offering, we will need to raise additional funds in the future, which may not be available or available on terms acceptable to us.

Our fixed offering price of $[0.54] per Class A ordinary share constitutes a significant discount to the current market price of our Class A ordinary shares, our Class A ordinary share price may suffer immediate decline and existing Shareholders may suffer significant dilution after completion of this offering.

On [June 26], 2025, the last reported sale price of our Clas A ordinary shares on Nasdaq was $[1.65] per Class A ordinary share. Our fixed offering price of $[0.54] per Class A ordinary share constitutes a significant discount to our last reported sale price. Although the public offering price for the securities in this offering will be determined at the time of pricing, if the final offering price is determined to be at a figure that constitutes a significant discount to the market price of our Class A ordinary shares, such significant discount may have immediate negative impact on the market price of our Class A ordinary shares, causing our share price to immediately decline after completion of the offering.

The final public offering price will be determined through negotiation between us, the Placement Agent, and the investors based upon a number of factors, including 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. 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.

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As of the date of this prospectus, we had 5,064,050 shares issued and outstanding, consisting of 4,064,050 Class A ordinary shares and